RPX Corp. SVP Martin Roberts Sells 5,481 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Martin Roberts unloaded 5,481 shares of RPX Corp. stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.23, for a total transaction of $94,437.63. Following the completion of the sale, the senior vice president now directly owns 13,703 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RPXC. Analysts at Zacks downgraded shares of RPX Corp. (NASDAQ:RPXC) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $20.30 price target on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of RPX Corp. (NASDAQ:RPXC) from $19.00 to $22.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of RPX Corp. (NASDAQ:RPXC) from $17.00 to $18.00 in a research note to investors on Monday, July 8th. They now have an “overweight” rating on the stock.
Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.83.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.70% during mid-day trading on Thursday, hitting $17.13. 297,633 shares of the company’s stock traded hands. RPX Corp. has a one year low of $8.55 and a one year high of $19.88. The stock has a 50-day moving average of $16.59 and a 200-day moving average of $15.3. The company has a market cap of $893.4 million and a price-to-earnings ratio of 21.04.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $57.19 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that RPX Corp. will post $0.99 earnings per share for the current fiscal year.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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