Insider Selling: Rosetta Stone Inc (RST) General Counsel Sells 4,496 Shares of Stock
Rosetta Stone Inc (NYSE:RST) General Counsel Sonia Galindo sold 4,496 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $23.91, for a total transaction of $107,499.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Rosetta Stone stock traded up $1.25 during midday trading on Thursday, hitting $25.04. The company had a trading volume of 349,100 shares, compared to its average volume of 213,874. The firm has a market capitalization of $580.97 million, a P/E ratio of -26.36 and a beta of 0.26. Rosetta Stone Inc has a 12-month low of $14.14 and a 12-month high of $26.88.
Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million during the quarter, compared to analysts’ expectations of $43.50 million. As a group, analysts anticipate that Rosetta Stone Inc will post -0.6 EPS for the current year.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine lowered shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Barrington Research reaffirmed a “buy” rating and issued a $27.00 price objective (up from $24.00) on shares of Rosetta Stone in a research report on Thursday, March 7th. Finally, Lake Street Capital increased their price objective on shares of Rosetta Stone from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.00.
About Rosetta Stone
Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.
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