Rosetta Stone Inc (RST) : Roumell Asset Management reduced its stake in Rosetta Stone Inc by 11.63% during the most recent quarter end. The investment management company now holds a total of 1,141,958 shares of Rosetta Stone Inc which is valued at $8.6 Million after selling 150,250 shares in Rosetta Stone Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Rosetta Stone Inc makes up approximately 21.63% of Roumell Asset Management’s portfolio.
Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in RST in the latest quarter, The investment management firm added 10,300 additional shares and now holds a total of 76,110 shares of Rosetta Stone Inc which is valued at $575,392. South Texas Money Management Ltd sold out all of its stake in RST during the most recent quarter. The investment firm sold 15,108 shares of RST which is valued $114,216. Blackrock Japan Ltd added RST to its portfolio by purchasing 1,348 company shares during the most recent quarter which is valued at $10,191.Nationwide Fund Advisors boosted its stake in RST in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 10,100 shares of Rosetta Stone Inc which is valued at $78,982.
Rosetta Stone Inc closed down -0.02 points or -0.26% at $7.81 with 34,171 shares getting traded on Wednesday. Post opening the session at $7.82, the shares hit an intraday low of $7.81 and an intraday high of $7.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Rosetta Stone Inc reported $-0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.50. The company had revenue of $48.00 million for the quarter, compared to analysts expectations of $47.14 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.95 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.