RealNetworks (NASDAQ:RNWK) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of RealNetworks (NASDAQ:RNWK – Get Rating) in a research report released on Friday morning. The brokerage issued a hold rating on the technology company's stock.

RealNetworks stock opened at $0.60 on Friday. The stock's 50 day simple moving average is $0.60 and its two-hundred day simple moving average is $0.67. The stock has a market cap of $28.34 million, a price-to-earnings ratio of -1.71 and a beta of 1.38. RealNetworks has a fifty-two week low of $0.46 and a fifty-two week high of $2.18.

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

In other news, major shareholder Mill Opportunity Fund Caldwell acquired 113,830 shares of the firm's stock in a transaction that occurred on Tuesday, May 31st. The stock was bought at an average cost of $0.61 per share, for a total transaction of $69,436.30. Following the acquisition, the insider now directly owns 2,502,782 shares in the company, valued at $1,526,697.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Thomas A. Satterfield, Jr. acquired 128,496 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average price of $0.63 per share, with a total value of $80,952.48. Following the completion of the acquisition, the insider now owns 2,388,952 shares in the company, valued at $1,505,039.76. The disclosure for this purchase can be found here. Insiders have bought 266,067 shares of company stock valued at $164,633 over the last quarter. Company insiders own 41.20% of the company's stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in RNWK. AMH Equity Ltd purchased a new position in RealNetworks in the 4th quarter worth approximately $980,000. Lee Johnson Capital Management LLC purchased a new position in RealNetworks in the 4th quarter worth approximately $33,000. CM Management LLC raised its holdings in RealNetworks by 28.9% in the 4th quarter. CM Management LLC now owns 1,450,000 shares of the technology company's stock worth $1,421,000 after acquiring an additional 325,000 shares during the last quarter. Laird Norton Trust Company LLC raised its holdings in RealNetworks by 41.9% in the 4th quarter. Laird Norton Trust Company LLC now owns 96,427 shares of the technology company's stock worth $94,000 after acquiring an additional 28,481 shares during the last quarter. Finally, Pinnacle Wealth Management LLC purchased a new position in RealNetworks in the 4th quarter worth approximately $1,028,000. Institutional investors own 23.74% of the company's stock.

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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