RPX Corp. SVP Sells $74,885 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Steven Swank sold 4,503 shares of RPX Corp. stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.63, for a total value of $74,884.89. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.73.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 0.53% during mid-day trading on Tuesday, hitting $16.98. 269,927 shares of the company’s stock traded hands. RPX Corp. has a one year low of $9.10 and a one year high of $19.88. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $17.01. The company has a market cap of $891.0 million and a P/E ratio of 20.50.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ 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. The company’s quarterly revenue was up 24.7% on a year-over-year basis. 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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