Acacia Research (ACTG) Receives Daily News Sentiment Rating of 0.15
News articles about Acacia Research (NASDAQ:ACTG) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acacia Research earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.3817954261161 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts have recently issued reports on the company. ValuEngine downgraded Acacia Research from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Acacia Research from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Barclays reissued a “sell” rating and set a $5.00 target price on shares of Acacia Research in a research report on Tuesday, October 31st. Finally, TheStreet raised Acacia Research from a “d” rating to a “c-” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Acacia Research presently has a consensus rating of “Hold” and an average target price of $6.50.
Acacia Research (NASDAQ ACTG) traded down $0.05 during mid-day trading on Friday, reaching $3.75. The company had a trading volume of 808,861 shares, compared to its average volume of 278,269. Acacia Research has a fifty-two week low of $2.90 and a fifty-two week high of $6.40. The firm has a market capitalization of $189.77, a P/E ratio of 1.56 and a beta of 1.21.
About Acacia Research
Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.
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