News stories about Acacia Research Corporation (NASDAQ:ACTG) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acacia Research Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 44.7773256774574 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Walsh III Acquires 25000 Shares of Acacia Research Corporation (NASDAQ:ACTG) Stock (iphonefresh.com)
- Acacia Research Corporation (NASDAQ:ACTG) Sees Price Increase – Up by 7.143% (techkenyot.com)
- Week 37 Breakout Forecast: Short-Term Picks To Give You An Edge (seekingalpha.com)
- Acacia Research Corporation (ACTG) stock changed 1988580 shares unusually on Friday – Voice Of Analysts (analystsbuzz.com)
- Critical Contrast: Acacia Research Corporation (ACTG) versus Ritchie Bros. Auctioneers (RBA) (americanbankingnews.com)
Several research analysts have issued reports on ACTG shares. Northland Securities set a $8.00 price target on shares of Acacia Research Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, ValuEngine lowered shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
Acacia Research Corporation (NASDAQ ACTG) opened at 4.00 on Wednesday. The company’s market cap is $202.39 million. Acacia Research Corporation has a 12-month low of $2.90 and a 12-month high of $7.68. The firm’s 50-day moving average is $3.36 and its 200 day moving average is $4.43.
Acacia Research Corporation (NASDAQ:ACTG) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.25). Acacia Research Corporation had a negative net margin of 25.64% and a negative return on equity of 1.06%. The company had revenue of $16.46 million during the quarter, compared to the consensus estimate of $5.00 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 60.2% compared to the same quarter last year. On average, equities analysts expect that Acacia Research Corporation will post $0.02 earnings per share for the current fiscal year.
In related news, Director G Louis Graziadio III acquired 8,200 shares of the stock in a transaction on Friday, September 1st. The stock was purchased at an average price of $3.40 per share, for a total transaction of $27,880.00. Following the completion of the transaction, the director now owns 523,351 shares of the company’s stock, valued at approximately $1,779,393.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank E. Walsh III acquired 25,000 shares of the stock in a transaction on Thursday, August 31st. The stock was bought at an average price of $3.32 per share, with a total value of $83,000.00. Following the transaction, the director now directly owns 358,961 shares of the company’s stock, valued at approximately $1,191,750.52. The disclosure for this purchase can be found here. Insiders acquired 90,150 shares of company stock valued at $293,553 in the last quarter. Corporate insiders own 7.67% of the company’s stock.
About Acacia Research Corporation
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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