News articles about Acacia Research Corporation (NASDAQ:ACTG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acacia Research Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.2973964779624 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Acacia Research Corporation (NASDAQ:ACTG) opened at 4.55 on Friday. Acacia Research Corporation has a 12 month low of $2.90 and a 12 month high of $7.68. The stock’s market cap is $230.22 million. The stock’s 50 day moving average price is $3.40 and its 200-day moving average price is $4.35.

Acacia Research Corporation (NASDAQ:ACTG) last released its earnings results on Thursday, July 27th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.25). The company had revenue of $16.46 million for the quarter, compared to analysts’ expectations of $5.00 million. Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. The firm’s revenue for the quarter was down 60.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts expect that Acacia Research Corporation will post $0.02 EPS for the current year.

A number of brokerages have recently weighed in on ACTG. ValuEngine lowered Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Acacia Research Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Northland Securities set a $8.00 price objective on Acacia Research Corporation and gave the company a “buy” rating in a research report on Monday, July 10th.

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In related news, Director G Louis Graziadio III bought 22,600 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average price of $3.95 per share, with a total value of $89,270.00. Following the completion of the purchase, the director now directly owns 545,951 shares of the company’s stock, valued at $2,156,506.45. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank E. Walsh III bought 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $3.98 per share, with a total value of $99,500.00. Following the purchase, the director now directly owns 383,961 shares of the company’s stock, valued at $1,528,164.78. The disclosure for this purchase can be found here. Insiders have bought 147,250 shares of company stock valued at $520,303 in the last three months. Corporate insiders own 2.81% of the company’s stock.

Acacia Research Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

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