Acacia Research Corporation (ACTG) Getting Somewhat Favorable News Coverage, Analysis Shows
News stories about Acacia Research Corporation (NASDAQ:ACTG) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acacia Research Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.2376007974226 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s analysis:
- Acacia Research Corporation (ACTG) -8.78% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Acacia Research Corporation (ACTG) has a value of $4.30 per … – Stocks Gallery (stocksgallery.com)
- Acacia Research Corporation (ACTG) versus Its Rivals Critical Contrast (americanbankingnews.com)
- Technical Picture: Shares of Acacia Research Corporation (ACTG) are worth at $4.05 – Wall Street Morning (wallstreetmorning.com)
Several brokerages recently commented on ACTG. Zacks Investment Research raised shares of Acacia Research Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, October 2nd. Northland Securities set a $8.00 target price on shares of Acacia Research Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, ValuEngine downgraded shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
Shares of Acacia Research Corporation (NASDAQ ACTG) opened at 4.20 on Friday. The company’s 50 day moving average is $4.06 and its 200 day moving average is $4.25. The company’s market cap is $212.51 million. Acacia Research Corporation has a one year low of $2.90 and a one year high of $7.68.
Acacia Research Corporation (NASDAQ:ACTG) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.25). Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. The company had revenue of $16.46 million for the quarter, compared to analysts’ expectations of $5.00 million. During the same quarter last year, the business posted $0.23 EPS. The business’s quarterly revenue was down 60.2% on a year-over-year basis. On average, equities analysts predict that Acacia Research Corporation will post $0.02 earnings per share for the current year.
In related news, Director G Louis Graziadio III acquired 22,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $89,270.00. Following the completion of the acquisition, the director now owns 545,951 shares of the company’s stock, valued at approximately $2,156,506.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank E. Walsh III acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were bought at an average price of $3.32 per share, with a total value of $83,000.00. Following the acquisition, the director now directly owns 358,961 shares of the company’s stock, valued at approximately $1,191,750.52. The disclosure for this purchase can be found here. Insiders have purchased 147,250 shares of company stock valued at $520,303 in the last 90 days. 2.81% of the stock is currently owned by corporate insiders.
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Acacia Research Corporation Company Profile
Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.
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