RPX Corp. CEO John Amster Sells 17,200 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) CEO John Amster sold 17,200 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $16.90, for a total value of $290,680.00. The sale was disclosed in a filing with the SEC, which is available at this link.
RPXC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of RPX Corp. from a “hold” rating to a “sell” rating in a research note to investors on Thursday, December 12th. Separately, analysts at Barclays raised their price target on shares of RPX Corp. from $18.00 to $20.00 in a research note to investors on Wednesday, October 30th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of RPX Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $17.90 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.73.
RPX Corp. (NASDAQ:RPXC) traded up 0.53% on Tuesday, hitting $16.98. The stock had a trading volume of 269,927 shares. RPX Corp. has a 52 week low of $9.10 and a 52 week high of $19.88. The stock has a 50-day moving average of $16.58 and a 200-day moving average of $17.01. The company has a market cap of $891.0 million and a price-to-earnings ratio of 20.50.
RPX Corp. (NASDAQ:RPXC) last released its earnings data on Tuesday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $58.00 million. RPX Corp.’s revenue was up 24.7% compared to the same quarter last year. On average, analysts predict that RPX Corp. will post $0.98 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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