RPX (RPXC) Receives News Sentiment Rating of 0.21

Press coverage about RPX (NASDAQ:RPXC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RPX earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.8479252180039 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several equities analysts have issued reports on the stock. Barclays reaffirmed a “sell” rating and set a $14.00 price objective on shares of RPX in a report on Friday, January 5th. BidaskClub cut shares of RPX from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, TheStreet cut shares of RPX from a “b-” rating to a “c-” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.25.

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Shares of NASDAQ RPXC traded down $0.25 during mid-day trading on Monday, reaching $10.44. The company’s stock had a trading volume of 31,800 shares, compared to its average volume of 358,501. The stock has a market capitalization of $533.43, a price-to-earnings ratio of 20.57 and a beta of 1.33. RPX has a 1-year low of $9.74 and a 1-year high of $15.15.

RPX (NASDAQ:RPXC) last issued its earnings results on Wednesday, February 21st. The business services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.09. The business had revenue of $81.80 million during the quarter, compared to analysts’ expectations of $81.20 million. RPX had a negative net margin of 23.95% and a positive return on equity of 6.17%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Tuesday, March 13th. RPX’s dividend payout ratio (DPR) is 19.61%.

In related news, CFO David James Anderson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.94, for a total transaction of $64,700.00. Following the completion of the sale, the chief financial officer now directly owns 11,634 shares in the company, valued at $150,543.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.52% of the stock is currently owned by company insiders.

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About RPX

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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