Rosetta Stone (RST) Downgraded to Hold at Zacks Investment Research

Rosetta Stone (NYSE:RST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Rosetta Stone Inc., based in Arlington, Va, is a leading provider of technology-based language learning solutions consisting of software, online services and audio practice tools, primarily under the Rosetta Stone brand. Rosetta Stone offers its self-study language learning solutions in 31 languages. Its customers include individuals, educational institutions, armed forces, government agencies and corporations. Rosetta Stone, Inc. also provides an online peer-to-peer practice environment, known as SharedTalk, at www.sharedtalk.com, where registered language learners meet for language exchange to practice their foreign language skills. As the leading language-learning software in the world, Rosetta Stone makes learning a new language second nature. Millions of learners in more than 150 countries have already used the company’s software to gain the confidence that comes with truly knowing a new language. “

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Rosetta Stone from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Lake Street Capital set a $21.00 price objective on Rosetta Stone and gave the company a “buy” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.75.

Shares of RST stock opened at $16.21 on Tuesday. The company has a market capitalization of $352.53 million, a price-to-earnings ratio of -70.48 and a beta of 0.13. Rosetta Stone has a fifty-two week low of $12.63 and a fifty-two week high of $21.54.

Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can acquired a new stake in Rosetta Stone in the fourth quarter valued at approximately $54,000. Neuburgh Advisers LLC acquired a new stake in Rosetta Stone in the fourth quarter valued at approximately $76,000. Citigroup Inc. grew its stake in Rosetta Stone by 14.3% in the fourth quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock valued at $108,000 after acquiring an additional 825 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Rosetta Stone in the third quarter valued at approximately $211,000. Finally, First Mercantile Trust Co. grew its stake in Rosetta Stone by 242.0% in the fourth quarter. First Mercantile Trust Co. now owns 11,097 shares of the software maker’s stock valued at $182,000 after acquiring an additional 7,852 shares during the period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Rosetta Stone Company Profile

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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