Wednesday, April 16, 2014

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Insider Selling: RPX Corp. SVP Unloads 5,481 Shares of Stock (RPXC) - Mideast the courier Time
RPX Corp. (NASDAQ:RPXC) SVP Martin Roberts sold 5,481 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $16.32, for a total transaction of $89,449.92. Following the sale, the senior vice president now directly owns 27,482 shares of the company’s stock, valued at approximately $448,506. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
A number of research firms have recently commented on RPXC. Analysts at Cowen and Company initiated coverage on shares of RPX Corp. in a research note on Monday, March 17th. They set an “outperform” rating and a $20.00 price target on the stock. Separately, analysts the courier at Zacks downgraded shares of RPX Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, the courier February 25th. They now have a $15.40 price target on the stock. Finally, analysts at TheStreet upgraded shares of RPX Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.35. the courier
Shares of RPX Corp. ( NASDAQ:RPXC ) traded up 0.51% during mid-day trading on Thursday, hitting $16.685. The stock had a trading volume of 146,934 shares. RPX Corp. has a one year low of $12.84 and a one year high of $19.88. The stock has a 50-day moving average of $16.18 and a 200-day moving average of $16.75. The company has a market cap of $882.7 million and a price-to-earnings the courier ratio of 21.84.
RPX Corp. (NASDAQ:RPXC) last released its earnings data on Tuesday, February 11th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.05. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $60.30 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that RPX Corp. will post $1.02 EPS for the current fiscal year.
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