News articles about RealNetworks (NASDAQ:RNWK) have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RealNetworks earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.4629443535897 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $6.50 price target on shares of RealNetworks in a report on Saturday, May 6th. Zacks Investment Research downgraded RealNetworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.
Shares of RealNetworks (NASDAQ:RNWK) opened at 4.36 on Thursday. RealNetworks has a 52 week low of $4.09 and a 52 week high of $5.45. The stock’s 50 day moving average price is $4.31 and its 200 day moving average price is $4.63. The firm’s market capitalization is $161.76 million.
RealNetworks (NASDAQ:RNWK) last released its earnings results on Wednesday, May 3rd. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $30.58 million for the quarter, compared to analyst estimates of $30.75 million. RealNetworks had a negative return on equity of 39.74% and a negative net margin of 25.08%. On average, analysts predict that RealNetworks will post ($0.82) EPS for the current fiscal year.
In other news, Director Dominique Trempont sold 12,842 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $4.41, for a total transaction of $56,633.22. Following the transaction, the director now owns 12,780 shares in the company, valued at approximately $56,359.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael Parham sold 12,500 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $4.26, for a total transaction of $53,250.00. Following the transaction, the senior vice president now owns 23,607 shares in the company, valued at approximately $100,565.82. The disclosure for this sale can be found here. 39.50% of the stock is owned by insiders.
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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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