Analysts Set Rosetta Stone Inc (RST) Target Price at $25.75

Shares of Rosetta Stone Inc (NYSE:RST) have received a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $25.75.

RST has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Rosetta Stone from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, January 15th. ValuEngine downgraded shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Barrington Research restated a “buy” rating and set a $27.00 price objective (up from $24.00) on shares of Rosetta Stone in a research report on Thursday, March 7th.

Rosetta Stone stock opened at $21.20 on Friday. Rosetta Stone has a 52 week low of $12.74 and a 52 week high of $24.01.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Wednesday, March 6th. The software maker reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.22. The business had revenue of $44.57 million for the quarter, compared to the consensus estimate of $44.00 million. As a group, equities analysts predict that Rosetta Stone will post -0.68 earnings per share for the current fiscal year.

In other Rosetta Stone news, insider M. Sean Hartford sold 16,988 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $21.70, for a total transaction of $368,639.60. Following the completion of the sale, the insider now directly owns 13,897 shares in the company, valued at $301,564.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas C. Gaehde sold 10,092 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $23.54, for a total transaction of $237,565.68. The disclosure for this sale can be found here. Insiders have sold 83,621 shares of company stock valued at $1,920,413 over the last 90 days. Company insiders own 12.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in Rosetta Stone by 14.3% during the fourth quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock valued at $108,000 after purchasing an additional 825 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Rosetta Stone by 34.8% during the fourth quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock worth $65,000 after buying an additional 1,016 shares during the last quarter. Alpha Omega Wealth Management LLC grew its stake in shares of Rosetta Stone by 2.2% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 83,380 shares of the software maker’s stock worth $1,367,000 after buying an additional 1,780 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Rosetta Stone during the fourth quarter worth $54,000. Finally, Neuburgh Advisers LLC bought a new stake in shares of Rosetta Stone during the fourth quarter worth $76,000. Institutional investors own 79.82% of the company’s stock.

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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