What should you know before buying stock in RealNetworks Inc. (RNWK)

RealNetworks Inc. (NASDAQ: RNWK) is 12.18% higher on its value in year-to-date trading and has touched a low of $0.32 and a high of $2.24 in the current 52-week trading range. The RNWK stock was last observed hovering at around $1.75 in the last trading session, with the day’s gains setting it 0.3% off its average median price target of $6.50 for the next 12 months. It is also 68.46% off the consensus price target high of $6.50 offered by 1 analysts, but current levels are 68.46% higher than the price target low of $6.50 for the same period.

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Currently trading at $2.05, the stock is 27.33% and 34.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing 17.14% at the moment leaves the stock 51.83% off its SMA200. RNWK registered 18.24% gain for a year compared to 6-month loss of 10.76%. The firm has a 50-day simple moving average (SMA 50) of $1.5703 and a 200-day simple moving average (SMA200) of $1.4465.

The stock witnessed a 22.38% gain in the last 1 month and extending the period to 3 months gives it a 15.13%, and is 2.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.39% over the week and 7.60% over the month.

RealNetworks Inc. (RNWK) has around 453 employees, a market worth around $70.75M and $93.90M in sales. Profit margin for the company is -18.80%. Distance from 52-week low is 540.62% and -8.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.00%).

RealNetworks Inc. (RNWK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for RealNetworks Inc. (RNWK) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

RealNetworks Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $33.11M over the same period.The EPS is expected to grow by 20.80% this year, but quarterly earnings will post -34.70% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.

RealNetworks Inc. (RNWK) Top Institutional Holders

41 institutions hold shares in RealNetworks Inc. (RNWK), with 17.44M shares held by insiders accounting for 45.58% while institutional investors hold 59.84% of the company’s shares. The shares outstanding are 38.27M, and float is at 20.83M with Short Float at 1.83%. Institutions hold 32.57% of the Float.

The top institutional shareholder in the company is Ariel Investments, LLC with over 3.53 million shares valued at $4.31 million. The investor’s holdings represent 9.23% of the RNWK Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 1.76 million shares valued at $2.14 million to account for 4.59% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.42 million shares representing 3.70% and valued at over $1.73 million, while Vanguard Group, Inc. (The) holds 2.41% of the shares totaling 0.92 million with a market value of $1.12 million.

RealNetworks Inc. (RNWK) Insider Activity

A total of 11 insider transactions have happened at RealNetworks Inc. (RNWK) in the last six months, with sales accounting for 2 and purchases happening 9 times.

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RealNetworks Inc. (RNWK): Who are the competitors?

The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading 34.84% up over the past 12 months. Apple Inc. (AAPL) is 72.33% up on the 1-year trading charts. Short interest in the company’s stock has fallen -8.28% from the last report on Nov 29, 2020 to stand at a total of 0.41 million short shares sold with a short interest ratio of 2.47.

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