By Christiana Sciaudone
Investing.com - Rosetta Stone (NYSE:RST) rose 12% before paring gains Tuesday after Citron Research called it “a crown jewel” that is ripe for sale.
Rosetta Stone is a subscription-based literacy and language software provider at a time when virtual learning has become pretty much everyone's go-to education option.
Rosetta Stone’s Lexia Learning is “rapidly being adopted nationwide on a full subscription model as the way children throughout this country are learning to read and write,” Citron said. “While often overlooked, literacy is the largest area of curriculum spend in U.S. public schools and every school is in need of an online literacy solution that allows students and teachers to pivot from the physical classroom to online learning.”
Unique visits to the Lexia Core5 Login page rose about 2,500% for the trailing 30 days ended in June, and up 1,100% in July, Citron said.
Rosetta Stone could be picked up by a private equity firm or even Google (NASDAQ:GOOGL).
Earlier this month, Rosetta Stone jumped on reports that it was partly or entirely for sale.