The price of RealNetworks Inc. (NASDAQ:RNWK) shares last traded on Wall Street fell -0.26% to $0.72.
Based on available information, 1 analysts follow RealNetworks Inc. (NASDAQ:RNWK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $0.72, this indicates a potential upside of 316.67 percent. RNWK stock price is now 2.34% away from the 50-day moving average and 11.34% away from the 200-day moving average. The market capitalization of the company currently stands at $34.30M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target of $6, Lake Street recently initiated with Buy rating for RealNetworks Inc. (NASDAQ: RNWK). On February 13, 2012, Brigantine Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $8.50 to quote $12.50.
In other news, Caldwell Mill Opportunity Fund, 10% Owner bought 90,906 shares of the company’s stock on Jun 01. The stock was bought for $57,271 at an average price of $0.63. Upon completion of the transaction, the 10% Owner now directly owns 2,593,688 shares in the company, valued at $1.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, 10% Owner SATTERFIELD THOMAS A JR bought 90,906 shares of the business’s stock. A total of $57,271 was incurred on buying the stock at an average price of $0.63. This leaves the insider owning 2,593,688 shares of the company worth $1.87 million. Insiders disposed of 30,002 shares of company stock worth roughly $21601.44 over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RNWK stock. A new stake in RealNetworks Inc. shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $33,000. FNY INVESTMENT ADVISERS, LLC invested $33,000 in shares of RNWK during the first quarter. In total, there are 43 active investors with 26.90% ownership of the company’s stock.
A candlestick chart of RealNetworks Inc. (NASDAQ: RNWK) showed a price of $0.7185 on Friday morning. During the past 12 months, RealNetworks Inc. has had a low of $0.46 and a high of $1.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for RNWK is $0.7000 and a two-hundred day moving average price translates $0.6434 for the stock.
The latest earnings results from RealNetworks Inc. (NASDAQ: RNWK) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.13 by 0.02. This compares to -$0.16 EPS in the same period last year. The net profit margin was -31.70% and return on equity was -39.20% for RNWK. The company reported revenue of $11.71 million for the quarter, compared to $14.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.31 percent. For the current quarter, analysts expect RNWK to generate $12.9M in revenue.
RealNetworks Inc.(RNWK) Company Profile
RealNetworks, Inc. provides digital media software and services in the United States, Europe, and internationally. Its Consumer Media segment offers RealPlayer media player, a software that enables consumers to discover, play, download, manage, and edit digital video, stream audio and video, download and save photos and videos from the web, transfer and share content on social networks, and edit their own photo and video content. This segment also licenses its codec technology to electronic equipment, microchip, and integrated circuit manufacturers. The company’s Mobile Services segment provides digital media services to mobile and online service providers as software as a service offerings, which include intercarrier messaging services; KONTXT, a text message management, anti-spam, and classification product; ringback tone that enables callers to hear subscriber-selected music or messages; business intelligence, and subscriber management and billing for the carriers; RealTimes, a photo and video sharing platform that offers to wireless carriers for integration in their hosted cloud solutions; and SAFR, a computer vision platform. Its Games segment develops, publishes, and distributes casual games, including time-management, board, card, puzzle, word, and hidden-object games. It offers its casual games through mobile devices, digital downloads, and subscription play. RealNetworks, Inc. provides its products and services through direct and indirect channels comprising public relations, trade shows, events, and speaking opportunities; online channels, including social media; third party distribution partners; and third-party distribution channels, such as application storefronts, search engines, online portals, and content publishers. It offers its software and services to consumers, mobile carriers, device manufacturers, system integrators, and other businesses. The company was incorporated in 1994 and is headquartered in Seattle, Washington.