Acacia Research (NASDAQ:ACTG) Posts Earnings Results

Acacia Research (NASDAQ:ACTG - Get Free Report) announced its earnings results on Thursday. The business services provider reported $0.06 EPS for the quarter, Zacks reports. The firm had revenue of $24.32 million during the quarter. Acacia Research had a return on equity of 11.47% and a net margin of 48.92%.

Acacia Research Stock Performance

NASDAQ ACTG traded down $0.10 on Friday, reaching $5.08. 634,697 shares of the company's stock traded hands, compared to its average volume of 213,984. The stock has a 50 day moving average price of $4.86 and a 200-day moving average price of $4.21. The firm has a market cap of $508.11 million, a price-to-earnings ratio of 17.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 19.67 and a current ratio of 20.07. Acacia Research has a fifty-two week low of $3.43 and a fifty-two week high of $5.47.

Wall Street Analysts Forecast Growth

ACTG has been the topic of several analyst reports. Craig Hallum upped their price target on shares of Acacia Research from $6.00 to $7.00 and gave the company a "buy" rating in a report on Friday, March 15th. StockNews.com raised Acacia Research from a "sell" rating to a "hold" rating in a research note on Monday, March 18th.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.