RealNetworks (NASDAQ:RNWK) Coverage Initiated at StockNews.com

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

RealNetworks Stock Up 0.5 %

NASDAQ RNWK opened at $0.72 on Monday. The company has a market capitalization of $34.39 million, a price-to-earnings ratio of -1.76 and a beta of 1.22. RealNetworks has a twelve month low of $0.46 and a twelve month high of $1.30. The stock has a fifty day simple moving average of $0.70 and a 200 day simple moving average of $0.66.

Institutional Trading of RealNetworks

Large investors have recently bought and sold shares of the business. CM Management LLC grew its holdings in RealNetworks by 28.5% during the 2nd quarter. CM Management LLC now owns 2,593,688 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 575,059 shares during the period. Towerview LLC grew its holdings in RealNetworks by 90.5% during the 2nd quarter. Towerview LLC now owns 100,000 shares of the technology company’s stock worth $63,000 after acquiring an additional 47,500 shares during the period. UBS Group AG grew its holdings in RealNetworks by 221.0% during the 3rd quarter. UBS Group AG now owns 55,675 shares of the technology company’s stock worth $39,000 after acquiring an additional 38,331 shares during the period. Beryl Capital Management LLC acquired a new stake in RealNetworks during the 3rd quarter worth about $2,049,000. Finally, Virtu Financial LLC acquired a new stake in RealNetworks during the 3rd quarter worth about $32,000. 31.11% 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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