RPX Corp (NASDAQ:RPXC) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.33.
Several equities analysts recently weighed in on the stock. Barclays restated a “sell” rating and set a $14.00 price target on shares of RPX in a research report on Friday, January 5th. BidaskClub lowered shares of RPX from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Robert W. Baird restated a “buy” rating and set a $15.00 price target on shares of RPX in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of RPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th.
In other RPX news, CFO David James Anderson sold 5,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $12.80, for a total transaction of $64,000.00. Following the completion of the transaction, the chief financial officer now owns 26,981 shares in the company, valued at $345,356.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.52% of the stock is owned by company insiders.
RPX (RPXC) opened at $13.47 on Monday. The firm has a market cap of $667.12, a PE ratio of 37.42 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.16. RPX has a 1 year low of $10.41 and a 1 year high of $15.15.
RPX (NASDAQ:RPXC) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $85.70 million during the quarter, compared to analyst estimates of $82.70 million. RPX had a net margin of 5.53% and a return on equity of 5.16%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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