MUFG Securities EMEA plc Buys New Position in Rosetta Stone Inc (NYSE:RST)

MUFG Securities EMEA plc bought a new stake in Rosetta Stone Inc (NYSE:RST) during the second quarter, HoldingsChannel.com reports. The fund bought 66,100 shares of the software maker’s stock, valued at approximately $1,512,000.

A number of other institutional investors have also recently made changes to their positions in RST. Granite Investment Partners LLC grew its stake in Rosetta Stone by 87.8% in the first quarter. Granite Investment Partners LLC now owns 128,377 shares of the software maker’s stock valued at $2,805,000 after purchasing an additional 60,006 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Rosetta Stone by 4.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,685,405 shares of the software maker’s stock valued at $36,826,000 after purchasing an additional 74,680 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in Rosetta Stone in the second quarter valued at approximately $7,968,000. Cortina Asset Management LLC grew its stake in Rosetta Stone by 11.5% in the second quarter. Cortina Asset Management LLC now owns 249,052 shares of the software maker’s stock valued at $5,698,000 after purchasing an additional 25,591 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in Rosetta Stone in the first quarter valued at approximately $46,000. 87.29% of the stock is currently owned by institutional investors and hedge funds.

RST has been the subject of a number of analyst reports. Barrington Research restated a “buy” rating and issued a $29.00 price target on shares of Rosetta Stone in a research note on Wednesday, August 7th. ValuEngine downgraded Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $28.50.



In other news, insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $22.69, for a total transaction of $56,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.50% of the company’s stock.

Shares of NYSE RST traded down $0.42 during midday trading on Thursday, hitting $19.22. 5,156 shares of the company’s stock were exchanged, compared to its average volume of 199,854. Rosetta Stone Inc has a 12 month low of $14.43 and a 12 month high of $26.88. The company’s 50 day moving average price is $19.34 and its 200 day moving average price is $22.05. The firm has a market capitalization of $471.79 million, a PE ratio of -20.18 and a beta of 0.36.

Rosetta Stone (NYSE:RST) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.15. The business had revenue of $45.94 million for the quarter, compared to the consensus estimate of $44.50 million. As a group, equities analysts forecast that Rosetta Stone Inc will post -0.6 EPS for the current fiscal year.

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

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