Q1 2017 EPS Estimates for RealNetworks, Inc. Increased by Analyst (RNWK)

RealNetworks, Inc. (NASDAQ:RNWK) – Analysts at B. Riley upped their Q1 2017 earnings estimates for shares of RealNetworks in a report issued on Thursday. B. Riley analyst E. Wold now expects that the brokerage will post earnings per share of ($0.20) for the quarter, up from their previous forecast of ($0.22). B. Riley has a “Buy” rating and a $7.50 price objective on the stock. B. Riley also issued estimates for RealNetworks’ Q2 2017 earnings at ($0.16) EPS, Q3 2017 earnings at ($0.12) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.57) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.23) EPS.

Earnings History and Estimates for RealNetworks (NASDAQ:RNWK)

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Shares of RealNetworks (NASDAQ:RNWK) opened at 4.83 on Monday. The firm’s 50-day moving average price is $5.10 and its 200 day moving average price is $4.74. RealNetworks has a 1-year low of $3.41 and a 1-year high of $5.45. The stock’s market cap is $178.91 million.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. purchased a new position in RealNetworks during the third quarter valued at approximately $237,000. Schwab Charles Investment Management Inc. raised its position in RealNetworks by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 100,333 shares of the company’s stock worth $433,000 after buying an additional 1,134 shares during the period. Prudential Financial Inc. raised its position in RealNetworks by 9.3% in the third quarter. Prudential Financial Inc. now owns 127,254 shares of the company’s stock worth $567,000 after buying an additional 10,800 shares during the period. Finally, Adirondack Research & Management Inc. raised its position in RealNetworks by 0.3% in the third quarter. Adirondack Research & Management Inc. now owns 299,296 shares of the company’s stock worth $1,335,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 51.09% of the company’s stock.

RealNetworks Company Profile

RealNetworks, Inc (RealNetworks) is engaged in creating applications and services, which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers, mobile carriers and other businesses. It operates through three segments: RealPlayer Group, Mobile Entertainment and Games.

5 Day Chart for NASDAQ:RNWK

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