T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in Rosetta Stone Inc. (NYSE:RST). The institutional investor has increased its shareholding in the Technology company by 0.87% to 2.31 million shares with purchase of 19880.0 shares. This fresh investment now brings its stake to 9.40% valued currently at $61.88 million. In addition, BlackRock Fund Advisors raised its holdings by 99848.0 to 1.55 million shares. And The Vanguard Group, Inc. has lifted its position by 11.33% or 0.12 million shares – to 1.23 million shares.
With over 8.88 million Rosetta Stone Inc. (RST) shares trading Monday and a closing price of $30.38 on the day, the dollar volume was approximately $269.8 million. The shares have shown a positive weekly performance of 7.12% and its price on 08/31/20 gained nearly 1.84%. Currently, there are 24.10M common shares owned by the public and among those 23.62M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for RST have a consensus price objective of $29.20. The analysts have set the share’s price value over the next 12 months at a high of $30.00 and a low of $26.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Rosetta Stone Inc. stock is 1.80 for the next 12 months. The average price target is -41.96% below its last price level and a downside to the estimated low will see the stock lose -16.85% over that period. But an upside of -1.27% will see the stock hit the forecast high price target while mean target price for the stock is $30.00.
Insiders at the company have transacted a total of 74 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 271,487 shares. Insider sales of the common stock occurred on 53 occasions, with total insider shares sold totaling 135,294 shares.
The top 3 mutual fund holders in Rosetta Stone Inc. are T Rowe Price Small Cap Value Fund, CS Invt. Fds. 2 – (Lux) Edutainme, and Vanguard Total Stock Market Index. T Rowe Price Small Cap Value Fund owns 1.39 million shares of the company’s stock, all valued at over $37.32 million. The company sold 7700.0 shares recently to bring their total holdings to about 5.67% of the shares outstanding. Vanguard Total Stock Market Index sold 14200.0 shares to bring its total holdings to over 0.66 million shares at a value of $17.61 million. Vanguard Total Stock Market Index now owns shares totaling to 2.67% of the shares outstanding.
Shares of Rosetta Stone Inc. (NYSE: RST) opened at $29.80, down -$0.03 from a prior closing price of $29.83. However, the script later closed the day at $30.38, up 1.84%. The company’s stock has a 5-day price change of 7.12% and 67.20% over the past three months. RST shares are trading 67.48% year to date (YTD), with the 12-month market performance up to 66.47% higher. It has a 12-month low price of $8.85 and touched a high of $31.24 over the same period. Currently, 8.88 million shares have been traded, compared to an average intraday trading volume of 525.32K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.05%, 34.19%, and 67.22% respectively.
Institutional ownership of Rosetta Stone Inc. (NYSE: RST) shares accounts for 91.10% of the company’s 24.10M shares outstanding. Mutual fund holders own 39.36%, while other institutional holders and individual stakeholders account for 61.26% and 30.65% respectively.
It has a market capitalization of $704.51M and a beta (3y monthly) value of 0.74. The earnings-per-share (ttm) stands at -$0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.40% over the week and 6.20% over the month.
Analysts forecast that Rosetta Stone Inc. (RST) will achieve an EPS of -$0.26 for the current quarter, -$0.22 for the next quarter and -$0.53 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.29 while analysts give the company a high EPS estimate of -$0.23. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 41.60%, and 40.40% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 30.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Rosetta Stone Inc. (RST) as a “Strong Buy” at a consensus score of 1.80. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the RST, a number of firms have released research notes about the stock. Sidoti stated their Neutral rating for the stock in a research note on April 20, 2020, with the firm’s price target at $18. Needham coverage for the Rosetta Stone Inc. (RST) stock in a research note released on December 06, 2019 offered a Buy rating with a price target of $20. Lake Street was of a view on November 07, 2019 that the stock is Buy, while Dougherty & Company gave the stock Buy rating on October 01, 2018, issuing a price target of $20- $30. Lake Street on their part issued Buy rating on March 19, 2018.