Rosetta Stone (RST) Given a $21.00 Price Target at Lake Street Capital

Lake Street Capital set a $21.00 target price on Rosetta Stone (NYSE:RST) in a report published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the software maker’s stock.

Other research analysts have also issued reports about the company. Barrington Research reaffirmed a buy rating and set a $23.00 target price on shares of Rosetta Stone in a research report on Friday, October 5th. Dougherty & Co reaffirmed a buy rating and set a $30.00 target price (up from $20.00) on shares of Rosetta Stone in a research report on Monday, October 1st. Finally, Zacks Investment Research lowered Rosetta Stone from a buy rating to a hold rating in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $22.75.

Shares of RST traded down $1.04 during trading hours on Wednesday, hitting $17.58. The company had a trading volume of 15,949 shares, compared to its average volume of 228,763. The firm has a market cap of $416.03 million, a price-to-earnings ratio of -76.35 and a beta of 0.28. Rosetta Stone has a one year low of $10.31 and a one year high of $21.54.

Rosetta Stone (NYSE:RST) last released its quarterly earnings results on Tuesday, November 6th. The software maker reported ($0.31) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.10. The company had revenue of $42.75 million during the quarter, compared to the consensus estimate of $42.75 million. On average, research analysts forecast that Rosetta Stone will post -1.23 earnings per share for the current fiscal year.

In related news, General Counsel Sonia Galindo sold 1,711 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $16.06, for a total transaction of $27,478.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 12.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY purchased a new stake in Rosetta Stone during the 2nd quarter valued at about $108,000. MetLife Investment Advisors LLC purchased a new stake in Rosetta Stone during the 2nd quarter valued at about $158,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Rosetta Stone during the 3rd quarter valued at about $211,000. FNY Investment Advisers LLC purchased a new stake in Rosetta Stone during the 2nd quarter valued at about $291,000. Finally, Meeder Asset Management Inc. grew its stake in Rosetta Stone by 459.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 19,051 shares of the software maker’s stock valued at $305,000 after purchasing an additional 15,646 shares during the last quarter. 77.33% of the stock is currently owned by institutional investors.

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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