Acacia Research (NASDAQ:ACTG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.
ACTG has been the topic of a number of other research reports. Zacks Investment Research downgraded Acacia Research from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. TheStreet raised Acacia Research from a “d” rating to a “c-” rating in a report on Thursday, October 26th. Finally, Barclays reissued a “sell” rating and issued a $5.00 target price on shares of Acacia Research in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Acacia Research has a consensus rating of “Hold” and a consensus price target of $6.50.
Acacia Research (NASDAQ:ACTG) traded down $0.12 during mid-day trading on Friday, reaching $4.05. The company’s stock had a trading volume of 833,130 shares, compared to its average volume of 236,640. Acacia Research has a 52 week low of $2.90 and a 52 week high of $7.20. The company has a market capitalization of $204.95, a P/E ratio of 1.69 and a beta of 1.19.
About Acacia Research
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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