RPX Corp. Director Geoffrey T. Barker Sells 15,000 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker sold 15,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $16.92, for a total transaction of $253,800.00. Following the transaction, the director now directly owns 339,399 shares in the company, valued at approximately $5,742,631. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RPXC. Analysts at TheStreet upgraded shares of RPX Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Separately, analysts at Zacks upgraded shares of RPX Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $16.70 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of RPX Corp. in a research note on Monday, March 17th. They set an “outperform” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.68.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 0.23% during mid-day trading on Thursday, hitting $17.24. The stock had a trading volume of 189,147 shares. RPX Corp. has a 52 week low of $14.55 and a 52 week high of $19.88. The stock has a 50-day moving average of $16.3 and a 200-day moving average of $16.39. The company has a market cap of $913.9 million and a P/E ratio of 25.98.
RPX Corp. (NASDAQ:RPXC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.20 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that RPX Corp. will post $1.02 EPS 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.