Press coverage about RPX Corporation (NASDAQ:RPXC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog 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 coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.3949269600952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- RPX Corporation (RPXC) Sees Large Decline in Short Interest (americanbankingnews.com)
- Short Interest Drops 45% For RPXC (thestreet.com)
- RPX Corporation (RPXC) Declares $0.05 Not Available Dividend (americanbankingnews.com)
- ETFs with exposure to RPX Corp. : November 8, 2017 (finance.yahoo.com)
RPX Corporation (NASDAQ:RPXC) opened at $12.57 on Wednesday. RPX Corporation has a 12-month low of $10.20 and a 12-month high of $15.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a market capitalization of $629.98, a PE ratio of 25.96 and a beta of 1.41.
RPX Corporation (NASDAQ:RPXC) last posted its quarterly earnings data on Monday, October 30th. The business services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. RPX Corporation had a return on equity of 5.16% and a net margin of 5.53%. The business had revenue of $85.70 million during the quarter, compared to analysts’ expectations of $82.70 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. analysts forecast that RPX Corporation will post 0.53 earnings per share for the current fiscal year.
The company also recently declared a Not Available dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 17th.
A number of analysts have weighed in on the company. Barclays PLC boosted their price target on RPX Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised RPX Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, August 8th. BidaskClub cut RPX Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $15.00 price target on shares of RPX Corporation in a research report on Wednesday, November 1st. Two investment 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. RPX Corporation currently has a consensus rating of “Hold” and a consensus price target of $14.00.
In other news, Director Shelby W. Bonnie sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.53, for a total value of $200,480.00. Following the sale, the director now directly owns 24,757 shares in the company, valued at approximately $310,205.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shelby W. Bonnie sold 34,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.51, for a total value of $425,340.00. Following the completion of the sale, the director now owns 64,757 shares in the company, valued at $810,110.07. The disclosure for this sale can be found here. Insiders have sold 81,560 shares of company stock worth $1,030,632 over the last 90 days. Corporate insiders own 3.52% of the company’s stock.
About RPX Corporation
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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