Lake Street Capital Analysts Give Rosetta Stone (RST) a $21.00 Price Target

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

A number of other equities research analysts have also recently issued reports on RST. Zacks Investment Research cut Rosetta Stone from a buy rating to a hold rating in a report on Wednesday, July 11th. Dougherty & Co restated a buy rating and set a $30.00 price objective (up previously from $20.00) on shares of Rosetta Stone in a report on Monday, October 1st. Finally, Barrington Research restated a buy rating and set a $23.00 price objective on shares of Rosetta Stone in a report on Friday, October 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $22.75.

Rosetta Stone stock traded up $0.13 during midday trading on Wednesday, reaching $17.74. 205,608 shares of the company’s stock were exchanged, compared to its average volume of 223,655. Rosetta Stone has a 52 week low of $10.31 and a 52 week high of $21.54. The stock has a market capitalization of $425.69 million, a P/E ratio of -77.13 and a beta of 0.28.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Tuesday, November 6th. The software maker reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.10. The business had revenue of $42.75 million for the quarter, compared to the consensus estimate of $42.75 million. On average, sell-side analysts anticipate that Rosetta Stone will post -1.23 earnings per share for the current year.

In other news, General Counsel Sonia Galindo sold 1,711 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Rosetta Stone by 1.0% in the second quarter. Renaissance Technologies LLC now owns 2,043,200 shares of the software maker’s stock valued at $32,752,000 after buying an additional 21,000 shares in the last quarter. BlackRock Inc. raised its position in shares of Rosetta Stone by 14.5% in the third quarter. BlackRock Inc. now owns 1,185,820 shares of the software maker’s stock valued at $23,587,000 after buying an additional 149,965 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Rosetta Stone by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 647,738 shares of the software maker’s stock valued at $10,383,000 after buying an additional 168,996 shares in the last quarter. Acuitas Investments LLC raised its position in shares of Rosetta Stone by 52.1% in the third quarter. Acuitas Investments LLC now owns 272,492 shares of the software maker’s stock valued at $5,420,000 after buying an additional 93,360 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Rosetta Stone by 14.0% in the second quarter. Northern Trust Corp now owns 235,897 shares of the software maker’s stock valued at $3,781,000 after buying an additional 28,952 shares in the last quarter. Institutional investors own 77.33% 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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