Acacia Research (ACTG) Getting Somewhat Favorable Press Coverage, Analysis Finds

News coverage about Acacia Research (NASDAQ:ACTG) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of 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 -1 to 1, with scores nearest to one being the most favorable. Acacia Research earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.2466746527342 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several brokerages recently commented on ACTG. Zacks Investment Research raised Acacia Research from a “strong sell” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine cut Acacia Research from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet raised Acacia Research from a “d” rating to a “c-” rating in a research report on Thursday, October 26th. Finally, Barclays reaffirmed a “sell” rating and issued a $5.00 price objective on shares of Acacia Research in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.50.

Acacia Research (ACTG) remained flat at $$3.75 on Thursday. 136,700 shares of the company traded hands, compared to its average volume of 319,591. Acacia Research has a 1-year low of $2.90 and a 1-year high of $6.30. The company has a market capitalization of $184.71, a price-to-earnings ratio of 1.56 and a beta of 1.21.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $3.36. Acacia Research had a return on equity of 50.75% and a net margin of 145.12%. research analysts predict that Acacia Research will post -0.17 earnings per share for the current year.

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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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