News stories about RPX (NASDAQ:RPXC) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RPX earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.5460415097573 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
Several brokerages have recently weighed in on RPXC. TheStreet downgraded shares of RPX from a “c-” rating to a “d” rating in a research note on Friday, April 6th. BidaskClub upgraded shares of RPX from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Finally, Barclays restated a “sell” rating and issued a $14.00 price objective on shares of RPX in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.25.
NASDAQ:RPXC traded up $0.15 during mid-day trading on Tuesday, reaching $11.32. The stock had a trading volume of 50,030 shares, compared to its average volume of 337,201. The company has a market cap of $553.89, a P/E ratio of 19.14 and a beta of 1.33. RPX has a twelve month low of $9.74 and a twelve month high of $15.15.
RPX (NASDAQ:RPXC) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.09. The firm had revenue of $81.80 million during the quarter, compared to the consensus estimate of $81.20 million. RPX had a negative net margin of 23.95% and a positive return on equity of 6.17%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were given 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 yield of 1.77%.
In related news, CFO David James Anderson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were 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 legal filing with the SEC, which is available through the SEC website. 3.52% of the stock is owned by company insiders.
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RPX Company Profile
RPX Corporation provides patent risk management and discovery services in the United States, Japan, South Korea, and internationally. It offers a subscription-based patent risk management service that facilitates exchanges of value between owners and users of patents. The company also provides a defensive patent aggregation in which it acquires patent assets to offer clients with sub-licenses; and underwrites patent infringement liability insurance policies to insure against certain costs of litigation.
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