Rosetta Stone Inc (NYSE:RST) – Research analysts at Barrington Research lowered their FY2018 EPS estimates for Rosetta Stone in a research report issued to clients and investors on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the software maker will post earnings per share of ($1.28) for the year, down from their previous estimate of ($0.22). Barrington Research has a “Outperform” rating and a $17.00 price objective on the stock. Barrington Research also issued estimates for Rosetta Stone’s FY2019 earnings at ($0.68) EPS.
Several other brokerages have also weighed in on RST. Zacks Investment Research lowered Rosetta Stone from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.
Several institutional investors and hedge funds have recently modified their holdings of RST. Alliancebernstein L.P. purchased a new position in shares of Rosetta Stone in the 2nd quarter worth $146,000. Teachers Advisors LLC raised its position in Rosetta Stone by 11.6% in the second quarter. Teachers Advisors LLC now owns 33,881 shares of the software maker’s stock valued at $365,000 after purchasing an additional 3,530 shares during the period. Ameriprise Financial Inc. purchased a new position in Rosetta Stone in the second quarter valued at about $277,000. Vanguard Group Inc. raised its position in Rosetta Stone by 5.4% in the second quarter. Vanguard Group Inc. now owns 840,310 shares of the software maker’s stock valued at $9,059,000 after purchasing an additional 43,033 shares during the period. Finally, State Street Corp raised its position in Rosetta Stone by 14.9% in the second quarter. State Street Corp now owns 290,362 shares of the software maker’s stock valued at $3,129,000 after purchasing an additional 37,656 shares during the period. 71.19% of the stock is currently owned by institutional investors and hedge funds.
About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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