News headlines about RPX (NASDAQ:RPXC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news 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 earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.8071821122282 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several research firms have commented on RPXC. Barclays boosted their target price on RPX from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $15.00 target price on shares of RPX in a report on Wednesday, November 1st. Zacks Investment Research downgraded RPX from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub downgraded RPX from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.25.

RPX (NASDAQ:RPXC) opened at $13.47 on Monday. The stock has a market capitalization of $667.12, a price-to-earnings ratio of 37.42 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.16. RPX has a 1-year low of $10.41 and a 1-year high of $15.15.

RPX (NASDAQ:RPXC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $85.70 million for the quarter, compared to the consensus estimate of $82.70 million. RPX had a return on equity of 5.16% and a net margin of 5.53%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share.

In other news, CFO David James Anderson sold 5,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $12.98, for a total transaction of $64,900.00. Following the transaction, the chief financial officer now directly owns 12,756 shares of the company’s stock, valued at $165,572.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.52% of the company’s stock.

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RPX Company Profile

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.

Insider Buying and Selling by Quarter for RPX (NASDAQ:RPXC)

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