Shares of RPX Corp (NASDAQ:RPXC) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.
RPXC has been the subject of a number of analyst reports. Robert W. Baird reissued a “buy” rating and set a $15.00 price objective on shares of RPX in a research note on Wednesday, November 1st. Zacks Investment Research lowered RPX from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered RPX from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Barclays increased their price objective on RPX from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Tuesday, October 31st.
Shares of RPX (NASDAQ RPXC) opened at $13.70 on Thursday. The firm has a market capitalization of $682.97, a P/E ratio of 37.03 and a beta of 1.38. RPX has a 52 week low of $10.41 and a 52 week high of $15.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.54 and a current ratio of 2.54.
The firm also recently declared a Not Available dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 17th. RPX’s payout ratio is 13.51%.
In related news, CFO David James Anderson sold 5,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.80, for a total value of $64,000.00. Following the completion of the sale, the chief financial officer now owns 26,981 shares of the company’s stock, valued at $345,356.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.52% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors lifted its stake in RPX by 151.4% in the third quarter. Nationwide Fund Advisors now owns 172,449 shares of the business services provider’s stock worth $2,290,000 after acquiring an additional 103,859 shares during the period. SG Americas Securities LLC purchased a new stake in RPX in the third quarter worth $172,000. Finally, Pacific Ridge Capital Partners LLC lifted its stake in RPX by 3.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 77,140 shares of the business services provider’s stock worth $1,076,000 after acquiring an additional 2,610 shares during the period. 89.69% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This piece was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.com-unik.info/2017/12/28/rpx-corp-rpxc-receives-consensus-recommendation-of-hold-from-brokerages.html.
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.
What are top analysts saying about RPX? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for RPX and related companies.