RPX (RPXC) Getting Favorable Media Coverage, Study Finds

Media coverage about RPX (NASDAQ:RPXC) has trended positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPX earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.6316045007989 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

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Shares of NASDAQ RPXC traded down $0.15 during trading hours on Friday, reaching $10.88. The stock had a trading volume of 157,781 shares, compared to its average volume of 274,276. The firm has a market capitalization of $550.39, a price-to-earnings ratio of 21.33 and a beta of 1.33. RPX has a 52-week low of $9.74 and a 52-week high of $15.15.

RPX (NASDAQ:RPXC) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $81.80 million during the quarter, compared to analyst estimates of $81.20 million. RPX had a positive return on equity of 6.17% and a negative net margin of 23.95%. RPX’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. RPX’s payout ratio is 19.61%.

Several brokerages have issued reports on RPXC. BidaskClub upgraded RPX from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. TheStreet lowered RPX from a “b-” rating to a “c-” rating in a research report on Thursday, February 22nd. Finally, Barclays restated a “sell” rating and set a $14.00 target price on shares of RPX in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. RPX has an average rating of “Hold” and an average target price of $14.25.

In related news, CFO David James Anderson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.94, for a total value of $64,700.00. Following the completion of the sale, the chief financial officer now owns 11,634 shares in the company, valued at $150,543.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.52% of the stock is currently owned by insiders.

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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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