Zacks lowered shares of Rosetta Stone (NYSE:RST) from a neutral rating to an underperform rating in a research report released on Thursday morning, AnalystRatingsNetwork.com reports. Zacks currently has $11.20 price objective on the stock.
Shares of Rosetta Stone (NYSE:RST) traded down 0.84% during mid-day trading on Thursday, hitting $11.75. The stock had a trading volume of 22,179 shares. Rosetta Stone has a 52-week low of $11.34 and a 52-week high of $18.30. The stock’s 50-day moving average is $13.59 and its 200-day moving average is $15.42. The company’s market cap is $257.2 million.
Rosetta Stone (NYSE:RST) last released its earnings data on Wednesday, November 6th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.02. The company had revenue of $60.87 million for the quarter, compared to the consensus estimate of $70.58 million. During the same quarter last year, the company posted ($0.06) earnings per share. Rosetta Stone’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Rosetta Stone will post $-0.04 earnings per share for the current fiscal year.
In other Rosetta Stone news, Director Phillip Clough unloaded 1,489,294 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $11.42, for a total transaction of $17,007,737.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Barrington Research cut their price target on shares of Rosetta Stone from $20.00 to $16.00 in a research note to investors on Monday, November 11th.
Rosetta Stone Inc, is a provider of technology-based language learning solutions. The Company develops , markets, and sells language-learning solutions consisting of software, online services, mobile applications and audio practice tools primarily under its Rosetta Stone brand.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.