By Christiana Sciaudone
Investing.com — Rosetta Stone (NYSE:) is up 23% on speculation it is considering a sale of part or all of the company, Briefing.com reported.
The language learning company is trading at its highest since February.
Rosetta Stone is leaning more into K-12 education with online learning solutions. In May, when it reported quarterly results, the company said almost 10,000 new “Learn from Home” licenses were activated through upgrades or new relationships as a result of the pandemic. Rosetta Stone said the North American K-12 English Digital Learning market is “untapped,” and ready for “digital disruption.”
In May, Rosetta Stone said it expects revenue of between $186 million to $194 million for 2020, compared to $182.7 million in 2019. The company lowered its forecast slightly from March, when it expected $189 million to $195 million.
Shares of the company have two buy ratings, one hold and no sells, according to data compiled by Investing.com, as well as an average price target of $20.67.
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