Rosetta Stone, Inc. (RST) Upgraded To A Buy Rating

Analyst Ross MacMillan at Jefferies & Company, Inc. has upgraded Rosetta Stone, Inc. (NYSE: RST) from a Hold to a Buy rating. The price for the Rosetta Stone, Inc. stock has been raised from $24 to $29.

Jefferies has upgraded the company due the acceleration in international business, the forthcoming business model diversification, and the attractive valuation.

The company reported solid results for the fourth-quarter, with revenue of $78.3 million, adjusted EBITDA of $21.1 million, and non-GAAP EPS of $0.61. The results for the fourth-quarter were ahead of Jefferies’ estimates.