RPX Corp. Director Geoffrey Barker Sells 15,000 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey Barker sold 15,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $17.72, for a total value of $265,800.00. Following the transaction, the director now directly owns 871,917 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.83.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.45% during mid-day trading on Friday, hitting $17.69. The stock had a trading volume of 1,031,048 shares. RPX Corp. has a 52 week low of $8.55 and a 52 week high of $19.88. The stock’s 50-day moving average is $16.41 and its 200-day moving average is $15.52. The company has a market cap of $922.6 million and a P/E ratio of 21.67.
RPX Corp. (NASDAQ:RPXC) last released its 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 previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.