Lake Street Capital set a $21.00 price objective on Rosetta Stone (NYSE:RST) in a research report released on Wednesday morning, The Fly reports. The firm currently has a buy rating on the software maker’s stock.
Several other research analysts also recently issued reports on RST. Dougherty & Co reiterated a buy rating and set a $30.00 price target (up from $20.00) on shares of Rosetta Stone in a report on Monday, October 1st. Barrington Research reiterated a buy rating and set a $23.00 price target on shares of Rosetta Stone in a report on Friday, October 5th. Finally, Zacks Investment Research downgraded shares of Rosetta Stone from a buy rating to a hold rating in a report on Wednesday, July 11th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $22.75.
RST traded up $0.13 during trading on Wednesday, hitting $17.74. 205,608 shares of the stock traded hands, compared to its average volume of 223,655. Rosetta Stone has a twelve month low of $10.31 and a twelve month high of $21.54. The company has a market cap of $425.69 million, a P/E ratio of -77.13 and a beta of 0.28.
In other news, General Counsel Sonia Galindo sold 1,711 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.06, for a total transaction of $27,478.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Acuitas Investments LLC grew its stake in shares of Rosetta Stone by 226.9% in the second quarter. Acuitas Investments LLC now owns 179,132 shares of the software maker’s stock worth $2,871,000 after purchasing an additional 124,329 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Rosetta Stone by 34.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 41,586 shares of the software maker’s stock worth $667,000 after purchasing an additional 10,586 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Rosetta Stone by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 647,738 shares of the software maker’s stock worth $10,383,000 after purchasing an additional 168,996 shares during the last quarter. Millennium Management LLC grew its stake in shares of Rosetta Stone by 63.4% in the first quarter. Millennium Management LLC now owns 184,431 shares of the software maker’s stock worth $2,425,000 after purchasing an additional 71,542 shares during the last quarter. Finally, Spark Investment Management LLC grew its stake in shares of Rosetta Stone by 12.4% in the second quarter. Spark Investment Management LLC now owns 218,200 shares of the software maker’s stock worth $3,497,000 after purchasing an additional 24,000 shares during the last quarter. 77.33% of the stock is currently owned by institutional investors.
Rosetta Stone Company Profile
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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