News articles about Acacia Research Corp (NASDAQ:ACTG) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acacia Research Corp earned a news sentiment score of 0.12 on Alpha One’s scale. Alpha One also gave news stories about the business services provider an impact score of 57 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have recently commented on the company. Barclays PLC reissued a “sell” rating and set a $5.00 price target on shares of Acacia Research Corp in a report on Sunday, May 7th. Zacks Investment Research raised Acacia Research Corp from a “sell” rating to a “hold” rating in a report on Thursday, April 6th.
Acacia Research Corp (NASDAQ:ACTG) opened at 4.40 on Wednesday. Acacia Research Corp has a 12-month low of $4.10 and a 12-month high of $7.68. The firm’s market cap is $222.58 million. The stock’s 50 day moving average price is $5.07 and its 200-day moving average price is $5.91.
Acacia Research Corp (NASDAQ:ACTG) last released its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.14. Acacia Research Corp had a negative net margin of 94.19% and a positive return on equity of 9.53%. The firm had revenue of $8.85 million for the quarter, compared to analysts’ expectations of $20 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue for the quarter was down 64.2% on a year-over-year basis. Equities research analysts anticipate that Acacia Research Corp will post $0.32 earnings per share for the current fiscal year.
In other news, Director Frank E. Walsh III purchased 7,335 shares of the stock in a transaction on Tuesday, March 14th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $37,041.75. Following the completion of the transaction, the director now directly owns 322,197 shares of the company’s stock, valued at approximately $1,627,094.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director G Louis Graziadio III purchased 10,419 shares of the stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $5.07 per share, for a total transaction of $52,824.33. Following the transaction, the director now directly owns 429,467 shares of the company’s stock, valued at $2,177,397.69. The disclosure for this purchase can be found here. Insiders have acquired 199,964 shares of company stock worth $1,000,770 in the last 90 days. Company insiders own 2.81% of the company’s stock.
Acacia Research Corp Company Profile
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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