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

StockNews.com started coverage on shares of RealNetworks (NASDAQ:RNWKGet Rating) in a report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Shares of RNWK opened at $0.55 on Friday. RealNetworks has a 1-year low of $0.46 and a 1-year high of $2.80. The company has a 50-day moving average of $0.56 and a 200 day moving average of $0.86. The firm has a market capitalization of $25.81 million, a price-to-earnings ratio of -1.56 and a beta of 1.51.

RealNetworks (NASDAQ:RNWKGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The technology company reported ($0.04) earnings per share for the quarter. RealNetworks had a negative net margin of 30.16% and a negative return on equity of 32.01%. The company had revenue of $13.40 million for the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CM Management LLC increased its position in RealNetworks by 39.2% during the 1st quarter. CM Management LLC now owns 2,018,629 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 568,629 shares during the period. Norges Bank purchased a new position in RealNetworks during the 4th quarter valued at about $187,000. Pinnacle Wealth Management LLC purchased a new position in RealNetworks during the 4th quarter valued at about $1,028,000. Virtu Financial LLC purchased a new position in RealNetworks during the 4th quarter valued at about $114,000. Finally, Renaissance Technologies LLC increased its position in RealNetworks by 26.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,958,258 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 409,386 shares during the period. 23.74% of the stock is currently owned by institutional investors and hedge funds.

About RealNetworks (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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