News coverage about RPX Corporation (NASDAQ:RPXC) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RPX Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.3264416576923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of RPX Corporation (NASDAQ RPXC) traded up 1.41% during trading on Friday, hitting $13.68. The stock had a trading volume of 96,588 shares. RPX Corporation has a 12-month low of $8.99 and a 12-month high of $15.15. The stock’s 50 day moving average is $13.14 and its 200-day moving average is $13.27. The company has a market cap of $677.16 million, a PE ratio of 34.11 and a beta of 1.44.
RPX Corporation (NASDAQ:RPXC) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. RPX Corporation had a net margin of 6.01% and a return on equity of 5.51%. The firm had revenue of $80.40 million during the quarter, compared to analyst estimates of $81.27 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts forecast that RPX Corporation will post $0.72 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered RPX Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered RPX Corporation from a “sell” rating to a “strong sell” rating 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.
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In other news, insider Mallun Yen sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $12.92, for a total transaction of $129,200.00. Following the completion of the sale, the insider now owns 157,560 shares of the company’s stock, valued at $2,035,675.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert H. Heath sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $12.83, for a total transaction of $192,450.00. Following the completion of the sale, the executive vice president now directly owns 60,529 shares of the company’s stock, valued at approximately $776,587.07. The disclosure for this sale can be found here. Insiders sold 86,560 shares of company stock valued at $1,094,932 in the last three months. Company insiders own 3.52% of the company’s stock.
RPX Corporation 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.
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