Zacks Investment Research upgraded shares of Rosetta Stone (NYSE:RST) from a hold rating to a buy rating in a research note published on Friday morning. Zacks Investment Research currently has $17.00 price objective on the software maker’s stock.
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 research analysts have also commented on RST. Lake Street Capital set a $21.00 price objective on shares of Rosetta Stone and gave the company a buy rating in a research note on Wednesday, November 7th. ValuEngine lowered shares of Rosetta Stone from a strong-buy rating to a buy rating in a research note on Monday, February 4th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of $22.75.
A number of institutional investors have recently bought and sold shares of RST. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Rosetta Stone in the 3rd quarter worth approximately $211,000. First Mercantile Trust Co. boosted its stake in Rosetta Stone by 242.0% in the 4th quarter. First Mercantile Trust Co. now owns 11,097 shares of the software maker’s stock worth $182,000 after purchasing an additional 7,852 shares during the period. MetLife Investment Advisors LLC boosted its stake in Rosetta Stone by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 15,272 shares of the software maker’s stock worth $304,000 after purchasing an additional 5,429 shares during the period. Rhumbline Advisers boosted its stake in Rosetta Stone by 44.0% in the 4th quarter. Rhumbline Advisers now owns 27,843 shares of the software maker’s stock worth $457,000 after purchasing an additional 8,504 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Rosetta Stone by 15.7% in the 2nd quarter. California Public Employees Retirement System now owns 31,922 shares of the software maker’s stock worth $512,000 after purchasing an additional 4,322 shares during the period. Hedge funds and other institutional investors own 75.70% 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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