Acacia Research Corporation (NASDAQ:ACTG)‘s stock had its “sell” rating reiterated by analysts at Barclays PLC in a research note issued on Tuesday. They currently have a $5.00 price target on the business services provider’s stock. Barclays PLC’s price target would indicate a potential upside of 11.11% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of Acacia Research Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet upgraded shares of Acacia Research Corporation from a “d” rating to a “c-” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Northland Securities set a $8.00 target price on shares of Acacia Research Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.50.

Shares of Acacia Research Corporation (NASDAQ:ACTG) traded down 1.11% during trading on Tuesday, hitting $4.45. The company’s stock had a trading volume of 195,510 shares. The company’s market cap is $225.16 million. The firm’s 50 day moving average price is $4.30 and its 200-day moving average price is $4.12. Acacia Research Corporation has a 52 week low of $2.90 and a 52 week high of $7.68.

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In other Acacia Research Corporation news, Director G Louis Graziadio III acquired 8,200 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of $3.40 per share, with a total value of $27,880.00. Following the transaction, the director now directly owns 523,351 shares in the company, valued at $1,779,393.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank E. Walsh III acquired 25,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $3.98 per share, with a total value of $99,500.00. Following the transaction, the director now owns 383,961 shares in the company, valued at $1,528,164.78. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 147,250 shares of company stock valued at $520,303. Insiders own 7.67% of the company’s stock.

Several large investors have recently made changes to their positions in ACTG. JPMorgan Chase & Co. grew its position in shares of Acacia Research Corporation by 2,208.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,695,035 shares of the business services provider’s stock valued at $17,572,000 after buying an additional 2,578,313 shares during the last quarter. CWM LLC bought a new stake in shares of Acacia Research Corporation during the 3rd quarter valued at about $14,265,000. Heartland Advisors Inc. grew its position in shares of Acacia Research Corporation by 68.4% during the 4th quarter. Heartland Advisors Inc. now owns 5,159,865 shares of the business services provider’s stock valued at $22,136,000 after buying an additional 2,095,579 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Acacia Research Corporation during the 2nd quarter valued at about $5,257,000. Finally, Renaissance Technologies LLC grew its position in shares of Acacia Research Corporation by 77.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,132,900 shares of the business services provider’s stock valued at $8,084,000 after buying an additional 932,900 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

About Acacia Research Corporation

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

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