RealNetworks (NASDAQ:RNWK) Now Covered by StockNews.com

StockNews.com began coverage on shares of RealNetworks (NASDAQ:RNWK – Get Rating) in a report issued on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

NASDAQ:RNWK opened at $0.60 on Friday. The business’s 50-day moving average price is $0.56 and its two-hundred day moving average price is $0.80. RealNetworks has a twelve month low of $0.46 and a twelve month high of $2.80. The stock has a market cap of $28.61 million, a P/E ratio of -1.73 and a beta of 1.51.

RealNetworks (NASDAQ:RNWK – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported ($0.11) earnings per share (EPS) for the quarter. RealNetworks had a negative return on equity of 33.51% and a negative net margin of 30.16%. The company had revenue of $13.28 million for the quarter.

Several institutional investors have recently bought and sold shares of RNWK. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RealNetworks in the 3rd quarter worth $30,000. Lee Johnson Capital Management LLC bought a new stake in shares of RealNetworks in the 4th quarter worth $33,000. Goldman Sachs Group Inc. bought a new stake in shares of RealNetworks in the 3rd quarter worth $57,000. Two Sigma Advisers LP bought a new stake in shares of RealNetworks in the third quarter worth $64,000. Finally, MYDA Advisors LLC bought a new stake in shares of RealNetworks in the third quarter worth $64,000. 23.74% of the stock is owned by institutional investors and hedge funds.

RealNetworks Company Profile (Get Rating)

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.

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