Rosetta Stone Inc (NYSE:RST) Insider Sells $61,700.00 in Stock

Rosetta Stone Inc (NYSE:RST) insider Nicholas C. Gaehde sold 2,500 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $24.68, for a total transaction of $61,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nicholas C. Gaehde also recently made the following trade(s):

  • On Monday, April 15th, Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock. The shares were sold at an average price of $23.59, for a total transaction of $58,975.00.

Shares of RST stock opened at $22.22 on Friday. Rosetta Stone Inc has a 52 week low of $14.14 and a 52 week high of $26.88.

Rosetta Stone (NYSE:RST) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.22. The business had revenue of $44.61 million during the quarter, compared to analysts’ expectations of $43.50 million. Sell-side analysts expect that Rosetta Stone Inc will post -0.6 EPS for the current year.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, May 14th. Lake Street Capital lifted their price target on shares of Rosetta Stone from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. ValuEngine upgraded shares of Rosetta Stone from a “buy” rating to a “strong-buy” rating in a report on Monday, April 1st. Finally, Barrington Research reiterated a “buy” rating and issued a $27.00 price target (up previously from $24.00) on shares of Rosetta Stone in a report on Thursday, March 7th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $28.00.

A number of institutional investors have recently added to or reduced their stakes in RST. Marshall Wace LLP purchased a new stake in Rosetta Stone during the 1st quarter worth $34,000. Quantamental Technologies LLC acquired a new position in Rosetta Stone during the 1st quarter worth $46,000. Great West Life Assurance Co. Can acquired a new position in Rosetta Stone during the 4th quarter worth $54,000. Legal & General Group Plc grew its holdings in Rosetta Stone by 34.8% during the 4th quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock worth $65,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Neuburgh Advisers LLC acquired a new position in Rosetta Stone during the 4th quarter worth $76,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

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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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