RPX Corporation (RPXC) Getting Somewhat Favorable Media Coverage, Study Shows
News coverage about RPX Corporation (NASDAQ:RPXC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPX Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.2371493061323 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of analysts have commented on RPXC shares. BidaskClub cut shares of RPX Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of RPX Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.
Shares of RPX Corporation (NASDAQ:RPXC) traded down 0.68% during mid-day trading on Friday, reaching $13.24. 25,391 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.88 and its 200 day moving average price is $13.13. RPX Corporation has a 52-week low of $8.99 and a 52-week high of $15.15. The company has a market cap of $655.38 million, a PE ratio of 33.02 and a beta of 1.44.
RPX Corporation (NASDAQ:RPXC) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The company had revenue of $80.40 million for the quarter, compared to the consensus estimate of $81.27 million. RPX Corporation had a net margin of 6.01% and a return on equity of 5.51%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities research analysts predict that RPX Corporation will post $0.72 EPS for the current year.
In related news, insider Mallun Yen sold 10,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $12.92, for a total value of $129,200.00. Following the transaction, the insider now directly owns 157,560 shares of the company’s stock, valued at approximately $2,035,675.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shelby W. Bonnie sold 34,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.51, for a total value of $425,340.00. Following the completion of the sale, the director now owns 64,757 shares in the company, valued at $810,110.07. The disclosure for this sale can be found here. Insiders sold a total of 86,560 shares of company stock worth $1,094,932 over the last three months. 3.52% of the stock is owned by insiders.
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About RPX Corporation
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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