Press coverage about Acacia Research Corporation (NASDAQ:ACTG) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acacia Research Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.0371000827373 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
ACTG has been the topic of a number of research analyst reports. ValuEngine cut Acacia Research Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Acacia Research Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Northland Securities set a $8.00 target price on Acacia Research Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Barclays PLC reiterated a “sell” rating and issued a $5.00 target price on shares of Acacia Research Corporation in a report on Sunday, May 7th.
Acacia Research Corporation (NASDAQ:ACTG) opened at 2.95 on Friday. The firm’s market cap is $149.26 million. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $4.72. Acacia Research Corporation has a one year low of $2.90 and a one year high of $7.68.
Acacia Research Corporation (NASDAQ:ACTG) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.25. The business had revenue of $16.46 million during the quarter, compared to the consensus estimate of $5 million. Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. The company’s revenue for the quarter was down 60.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities analysts predict that Acacia Research Corporation will post $0.02 earnings per share for the current fiscal year.
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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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