Barrington Maintains Their Buy Rating on Rosetta Stone (RST)

Barrington analyst Alexander Paris maintained a Buy rating on Rosetta Stone (RSTResearch Report) today and set a price target of $29. The company’s shares closed last Monday at $19.57.

Paris wrote:

“We would continue to be buyers of RST given the intrinsic value of its parts; continued strong growth at Lexia; a more predictable/sustainable sales model as a result of the subscription transition, which will continue to benefit from sales team alignment as the company executes on its go‐to‐ market strategy; improving cash flow; and its already healthy balance sheet with no long‐ term debt. As such, we are reiterating our OUTPERFORM investment rating and our $29 price target, which is based on our sum‐of‐the‐parts valuation analysis, suggesting more than 60% upside from current levels Stone, Inc. engages in the provision of technology based language learning solutions.”

According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.5% and a 41.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Rosetta Stone has an analyst consensus of Moderate Buy, with a price target consensus of $29.

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The company has a one-year high of $26.88 and a one-year low of $14.43. Currently, Rosetta Stone has an average volume of 174.3K.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RST in relation to earlier this year.

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Rosetta Stone, Inc. engages in the provision of technology based language learning solutions. It develops, markets, and sells language learning solutions consisting of software products, online services, and audio practice tools under the Rosetta Stone brand.