Impact of Brokerage Rating on RPX Corporation(RPXC)

Many RPX Corporation(RPXC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. RPX Corp was Downgraded by Cowen on Feb 6, 2017 to Market Perform, Price Target of the shares are set at $12.

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Mallun Yen (Executive Vice President) sold 5,000 shares at 10.55 per share price.On Nov 22, 2016, Steven S Swank (Senior Vice President) sold 4,095 shares at 10.61 per share price.On Nov 22, 2016, Robert H Heath (Chief Financial Officer, SVP) sold 4,000 shares at 10.60 per share price.

RPX Corp Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.17. The company had revenue of $81.80 million for the quarter, compared to analysts expectations of $83.73 million. The companys revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

RPX Corporation (NASDAQ:RPXC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.67 by 3 Brokerage Firm. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

RPX Corporation (NASDAQ:RPXC): The mean short term price target for RPX Corporation (NASDAQ:RPXC) has been established at $10.67 per share. The higher price target estimate is at $12 and the lower price target estimate is expected at $9 according to 3 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.53

RPX Corporation (NASDAQ:RPXC) rose 0.43% or 0.05 points on Tuesday and made its way into the gainers of the day. After trading began at $11.61 the stock was seen hitting $11.83 as a peak level and $11.53 as the lowest level. The stock ended up at $11.74. The daily volume was measured at 664,055 shares. The 52-week high of the share price is $11.94 and the 52-week low is $8.6. The company has a market cap of $577 million.

RPX Corporation is a provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services. The Company provides a subscription-based patent risk management solution where by acquiring patents it mitigates and manages patent risk. It also provides to its clients access to its proprietary patent market intelligence and data. Its clientele compromise companies that design, make or sell technology-based products and services as well as companies that use technology in their businesses. RPX Corporation is based in San Francisco, California.

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