Media headlines about RealNetworks (NASDAQ:RNWK) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RealNetworks earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 47.739378590736 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, ValuEngine upgraded RealNetworks from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st.
Shares of RealNetworks stock opened at $3.09 on Thursday. RealNetworks has a 1-year low of $2.63 and a 1-year high of $5.00. The firm has a market capitalization of $121.36, a P/E ratio of -7.02 and a beta of 0.46.
In other news, CFO Cary Baker bought 35,816 shares of the stock in a transaction on Thursday, March 1st. The shares were purchased at an average cost of $2.93 per share, for a total transaction of $104,940.88. Following the completion of the purchase, the chief financial officer now directly owns 18,266 shares in the company, valued at approximately $53,519.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 37.90% of the company’s stock.
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RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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