RPX Corp. (NASDAQ:RPXC) shares were down 1.5% on Thursday . The stock traded as low as $10.68 and last traded at $10.69, with a volume of 180,041 shares. The stock had previously closed at $10.85.

Several research analysts recently weighed in on RPXC shares. Zacks Investment Research lowered RPX Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Barclays PLC cut their target price on RPX Corp. from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, July 7th.

The firm has a market capitalization of $529.29 million and a P/E ratio of 26.57. The firm’s 50 day moving average is $10.20 and its 200 day moving average is $10.25.

RPX Corp. (NASDAQ:RPXC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The firm had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $82.14 million. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts predict that RPX Corp. will post $0.75 EPS for the current fiscal year.

In other RPX Corp. news, SVP Steven S. Swank sold 4,875 shares of RPX Corp. stock in a transaction on Friday, May 27th. The shares were sold at an average price of $9.75, for a total transaction of $47,531.25. Following the completion of the sale, the senior vice president now owns 1,560 shares of the company’s stock, valued at approximately $15,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gilbert Samuel Palter bought 100,000 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were bought at an average cost of $9.77 per share, with a total value of $977,000.00. The disclosure for this purchase can be found here.

A hedge fund recently bought a new stake in RPX Corp. stock. Matarin Capital Management LLC bought a new position in shares of RPX Corp. (NASDAQ:RPXC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 235,767 shares of the company’s stock, valued at approximately $2,593,000. Matarin Capital Management LLC owned approximately 0.43% of RPX Corp. at the end of the most recent reporting period.

RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients.

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