Rosetta Stone Shares Jump on Sale Speculation By Investing.com

© Reuters.

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.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*