The RealNetworks Inc. (RNWK) Given Average Rating of “Strong Buy” by Analysts

The RealNetworks Inc. (RNWK) Given Average Rating of “Strong Buy” by Analysts

RealNetworks Inc. (NASDAQ:RNWK) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $7.50 for the company and are anticipating that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given RealNetworks an industry rank of 71 out of 265 based on the ratings given to its competitors.

Several research firms have recently issued reports on RNWK. B. Riley reiterated a “buy” rating and set a $7.50 price objective on shares of RealNetworks in a research report on Tuesday, September 13th. Zacks Investment Research cut shares of RealNetworks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th.

Shares of RealNetworks (NASDAQ:RNWK) opened at 5.04 on Wednesday. RealNetworks has a 12-month low of $3.04 and a 12-month high of $5.10. The company’s 50-day moving average is $4.61 and its 200-day moving average is $4.46. The company’s market capitalization is $186.33 million.

RealNetworks (NASDAQ:RNWK) last released its earnings results on Thursday, November 3rd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. RealNetworks had a negative net margin of 29.42% and a negative return on equity of 38.17%. The company had revenue of $31.40 million for the quarter, compared to analysts’ expectations of $29.64 million. Analysts predict that RealNetworks will post ($0.95) EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in RealNetworks by 1.4% in the third quarter. Rhumbline Advisers now owns 43,022 shares of the company’s stock worth $192,000 after buying an additional 600 shares during the period. Adirondack Research & Management Inc. raised its position in RealNetworks by 0.3% in the third quarter. Adirondack Research & Management Inc. now owns 299,296 shares of the company’s stock worth $1,335,000 after buying an additional 965 shares during the period. Schwab Charles Investment Management Inc. raised its position in RealNetworks by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 100,333 shares of the company’s stock worth $433,000 after buying an additional 1,134 shares during the period. California State Teachers Retirement System raised its position in RealNetworks by 2.7% in the third quarter. California State Teachers Retirement System now owns 49,688 shares of the company’s stock worth $222,000 after buying an additional 1,300 shares during the period. Finally, Alambic Investment Management L.P. raised its position in RealNetworks by 3.6% in the second quarter. Alambic Investment Management L.P. now owns 39,950 shares of the company’s stock worth $172,000 after buying an additional 1,385 shares during the period. Hedge funds and other institutional investors own 50.71% of the company’s stock.

RealNetworks Company Profile

RealNetworks, Inc (RealNetworks) is engaged in creating applications and services, which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers, mobile carriers and other businesses. It operates through three segments: RealPlayer Group, Mobile Entertainment and Games.

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