Roumell Asset Management Lowers stake in Rosetta Stone Inc (RST)

Rosetta Stone Inc (RST) : Roumell Asset Management reduced its stake in Rosetta Stone Inc by 2.39% during the most recent quarter end. The investment management company now holds a total of 1,114,648 shares of Rosetta Stone Inc which is valued at $9,976,100 after selling 27,310 shares in Rosetta Stone Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Rosetta Stone Inc makes up approximately 20.21% of Roumell Asset Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in RST in the latest quarter, The investment management firm added 24,026 additional shares and now holds a total of 108,107 shares of Rosetta Stone Inc which is valued at $967,558. Rhumbline Advisers added RST to its portfolio by purchasing 18,076 company shares during the most recent quarter which is valued at $161,780. Integral Derivatives added RST to its portfolio by purchasing 17,000 company shares during the most recent quarter which is valued at $138,210. Rosetta Stone Inc makes up approx 0.05% of Integral Derivatives’s portfolio. Strs Ohio added RST to its portfolio by purchasing 54,600 company shares during the most recent quarter which is valued at $429,702.Simplex Trading reduced its stake in RST by selling 4,191 shares or 67.25% in the most recent quarter. The Hedge Fund company now holds 2,041 shares of RST which is valued at $16,797.

Rosetta Stone Inc closed down -0.05 points or -0.57% at $8.75 with 27,227 shares getting traded on Monday. Post opening the session at $8.77, the shares hit an intraday low of $8.67 and an intraday high of $8.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rosetta Stone Inc reported $-0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.67. The company had revenue of $45.70 million for the quarter, compared to analysts expectations of $42.93 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.38 EPS.

Rosetta Stone Inc. (Rosetta Stone) is a provider of reading and brain fitness solutions. The Company’s solutions are used by schools businesses government organizations and individuals around the world. The Company offers courses in 30 languages across a range of formats including Web-based software subscriptions digital downloads mobile applications and perpetual compact disc (CD) packages. The Company operates in three segments: North America Consumer (NA) Rest of World (ROW) Consumer and Global Enterprise & Education. The North America Consumer and ROW Consumer segments derive revenues from sales to individuals and retail partners. The North America Consumer segment includes sales made within the United States and Canada and the ROW Consumer segment includes sales made in countries other than the United States and Canada. The Global Enterprise & Education segment derives revenues from sales to educational institutions government agencies and corporations across the world.

Leave a Reply

Rosetta Stone Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Rosetta Stone Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.