Somewhat Positive News Coverage Somewhat Unlikely to Affect RPX Corporation (NASDAQ:RPXC) Share Price
Press coverage about RPX Corporation (NASDAQ:RPXC) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RPX Corporation earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.6242528298533 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Paul Mankoo Appointed Inventus Chief Executive Officer (finance.yahoo.com)
- RPX Corp. :RPXC-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- RPX Corporation (NASDAQ:RPXC) Insider Sells $129,200.00 in Stock (americanbankingnews.com)
- RPX Corporation (RPXC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Marty Roberts Joins RPX Board of Directors (finance.yahoo.com)
A number of equities analysts have weighed in on RPXC shares. Barclays PLC reiterated a “sell” rating and set a $11.00 price objective on shares of RPX Corporation in a research note on Monday, May 15th. TheStreet upgraded RPX Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded RPX Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. BidaskClub lowered RPX Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Cowen and Company lifted their price target on RPX Corporation from $11.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.50.
Shares of RPX Corporation (NASDAQ RPXC) traded up 0.16% during trading on Friday, hitting $12.36. The company had a trading volume of 264,085 shares. RPX Corporation has a 52-week low of $8.99 and a 52-week high of $15.15. The firm has a market capitalization of $611.82 million, a P/E ratio of 30.82 and a beta of 1.39. The stock’s 50-day moving average is $13.61 and its 200 day moving average is $12.72.
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 consensus estimate of $0.06 by $0.05. The firm had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $81.27 million. RPX Corporation had a net margin of 6.01% and a return on equity of 5.51%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Equities research analysts predict that RPX Corporation will post $0.72 earnings per share for the current fiscal year.
In related news, CEO Trevor Campion sold 39,256 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $13.79, for a total transaction of $541,340.24. Following the completion of the transaction, the chief executive officer now directly owns 25,571 shares of the company’s stock, valued at $352,624.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mallun Yen sold 10,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $12.92, for a total transaction of $129,200.00. Following the transaction, the insider now directly owns 157,560 shares of the company’s stock, valued at $2,035,675.20. The disclosure for this sale can be found here. Insiders have sold 63,156 shares of company stock valued at $865,322 over the last three months. 3.52% of the stock is currently owned by corporate insiders.
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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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