Royce & Associates LP Purchases Shares of 40,000 Rosetta Stone (RST)

Royce & Associates LP acquired a new position in shares of Rosetta Stone (NYSE:RST) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,000 shares of the software maker’s stock, valued at approximately $390,000. Royce & Associates LP owned 0.18% of Rosetta Stone as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. VNBTrust National Association boosted its position in Rosetta Stone by 37.5% in the first quarter. VNBTrust National Association now owns 478,923 shares of the software maker’s stock worth $4,670,000 after buying an additional 130,737 shares during the last quarter. State Street Corp boosted its position in Rosetta Stone by 12.1% in the fourth quarter. State Street Corp now owns 252,611 shares of the software maker’s stock worth $2,252,000 after buying an additional 27,312 shares during the last quarter. California Public Employees Retirement System boosted its position in Rosetta Stone by 4.1% in the first quarter. California Public Employees Retirement System now owns 98,100 shares of the software maker’s stock worth $956,000 after buying an additional 3,900 shares during the last quarter. TFS Capital LLC boosted its position in Rosetta Stone by 164.2% in the first quarter. TFS Capital LLC now owns 89,480 shares of the software maker’s stock worth $872,000 after buying an additional 55,611 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Rosetta Stone by 65.7% in the first quarter. Acadian Asset Management LLC now owns 82,829 shares of the software maker’s stock worth $808,000 after buying an additional 32,828 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Shares of Rosetta Stone (NYSE:RST) traded up 1.05% during midday trading on Friday, hitting $10.55. 57,326 shares of the stock were exchanged. The stock’s market cap is $234.19 million. The firm has a 50 day moving average of $10.62 and a 200-day moving average of $9.96. Rosetta Stone has a 12 month low of $6.80 and a 12 month high of $12.40.

Rosetta Stone (NYSE:RST) last announced its earnings results on Tuesday, May 9th. The software maker reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.22. Rosetta Stone had a negative net margin of 10.11% and a negative return on equity of 926.26%. The business had revenue of $47.70 million for the quarter, compared to the consensus estimate of $45.01 million. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Rosetta Stone will post ($0.50) EPS for the current year.

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A number of equities analysts have issued reports on RST shares. Barrington Research restated an “outperform” rating and issued a $15.00 price objective (up previously from $12.00) on shares of Rosetta Stone in a research report on Wednesday, May 10th. ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 17th.

In related news, insider M. Sean Hartford sold 4,050 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total value of $48,235.50. Following the transaction, the insider now owns 18,348 shares of the company’s stock, valued at approximately $218,524.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Nierenberg sold 13,543 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $12.01, for a total transaction of $162,651.43. The disclosure for this sale can be found here. Insiders sold a total of 365,669 shares of company stock worth $4,427,082 in the last ninety days. 13.00% of the stock is currently owned by insiders.

Rosetta Stone Company Profile

Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.

Institutional Ownership by Quarter for Rosetta Stone (NYSE:RST)

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