NASDAQ:ACTG

Acacia Research (ACTG) Stock Forecast, Price & News

$3.93

+0.18 (+4.80%)

(As of 05/26/2023 08:46 PM ET)

Compare

Today's Range: $3.79
▼
$3.99
50-Day Range: $3.62
▼
$4.27
52-Week Range: $3.43
▼
$5.30

Volume: 229,300 shs
Average Volume: 230,546 shs
Market Capitalization: $230.10 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Acacia Research MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 78.1% Upside
$7.00 Price Target
Short Interest: Healthy
0.72% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.06
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$150,000 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Business Services Sector

241st out of 347 stocks

Patent Owners & Lessors Industry

6th out of 8 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $7.00, Acacia Research has a forecasted upside of 78.1% from its current price of $3.93.
Amount of Analyst Coverage
Acacia Research has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.72% of the outstanding shares of Acacia Research have been sold short.
Short Interest Ratio / Days to Cover
Acacia Research has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Acacia Research has recently decreased by 0.50%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Acacia Research does not currently pay a dividend.
Dividend Growth
Acacia Research does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ACTG.

2.8

News and Social Media Coverage

News Sentiment
Acacia Research has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Acacia Research this week, compared to 1 article on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Acacia Research insiders have bought 200.12% more of their company's stock than they have sold. Specifically, they have bought $150,000.00 in company stock and sold $49,980.00 in company stock.
Percentage Held by Insiders
Only 2.52% of the stock of Acacia Research is held by insiders.
Percentage Held by Institutions
64.35% of the stock of Acacia Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Acacia Research is -1.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Acacia Research is -1.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Acacia Research has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Acacia Research (NASDAQ:ACTG) Stock

Acacia Research Corp. engages in acquisition and development, and patents technologies through its subsidiaries. It operates through the Intellectual Property and Industrial Operations segments. The Intellectual Property Operations segment invests in IP and related absolute return assets and engages in the licensing and enforcement of patented technologies. The Industrial Operations segment generates operating income by designing and manufacturing printers and consumable products for various industrial printing applications. The company was founded by Robert Bruce Stewart on January 25, 1993 and is headquartered in New York, NY.

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ACTG Stock News Headlines

May 27, 2023 | finance.yahoo.com

Interim CEO of Acacia Research Martin McNulty Buys More Stock

May 27, 2023 | finance.yahoo.com

Interim CEO of Acacia Research Martin McNulty Buys More Stock \

May 29, 2023 | UNKNOWN (Ad)

This Company Is Solving A Multi-Billion Dollar Problem!

This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!

May 27, 2023 | americanbankingnews.com

Acacia Research Co. (NASDAQ:ACTG) CEO Martin D. Jr. Mcnulty Purchases 40,000 Shares

May 20, 2023 | americanbankingnews.com

Insider Selling: Acacia Research Co. (NASDAQ:ACTG) CFO Sells $49,980.00 in Stock

May 20, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Acacia Research (NASDAQ:ACTG)

May 17, 2023 | americanbankingnews.com

Acacia Research Co. (NASDAQ:ACTG) Short Interest Down 7.1% in April

May 14, 2023 | americanbankingnews.com

Acacia Research (NASDAQ:ACTG) Stock Price Crosses Above Two Hundred Day Moving Average of $4.05

May 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 12, 2023 | finance.yahoo.com

Q1 2023 Acacia Research Corp Earnings Call

May 11, 2023 | msn.com

Acacia Research GAAP EPS of -$0.07 misses by $0.05, revenue of $14.8M misses by $1.2M

May 11, 2023 | finance.yahoo.com

Acacia Research Reports First Quarter 2023 Financial Results

May 9, 2023 | americanbankingnews.com

Acacia Research (ACTG) Scheduled to Post Quarterly Earnings on Thursday

April 27, 2023 | finance.yahoo.com

Acacia Research to Release First Quarter 2023 Financial Results on May 11

April 22, 2023 | americanbankingnews.com

Acacia Research Co. (NASDAQ:ACTG) Short Interest Update

April 21, 2023 | finance.yahoo.com

Acacia Research's (NASDAQ:ACTG) investors will be pleased with their notable 52% return over the last three years

April 16, 2023 | americanbankingnews.com

Acacia Research (NASDAQ:ACTG) vs. American Acquisition Opportunity (NASDAQ:AMAO) Financial Review

March 27, 2023 | americanbankingnews.com

Acacia Research (NASDAQ:ACTG) Downgraded by StockNews.com

March 26, 2023 | americanbankingnews.com

StockNews.com Downgrades Acacia Research (NASDAQ:ACTG) to Sell

March 20, 2023 | finance.yahoo.com

Acacia Research Corporation (NASDAQ:ACTG) Q4 2022 Earnings Call Transcript

March 17, 2023 | finance.yahoo.com

Q4 2022 Acacia Research Corp Earnings Call

March 16, 2023 | msn.com

Acacia Research GAAP EPS of -$0.50 misses by $0.47, revenue of $13.1M misses by $2.9M

March 16, 2023 | finance.yahoo.com

Acacia Research Reports Fourth Quarter and Full-Year 2022 Financial Results

March 8, 2023 | 247wallst.com

Starboard Value Now Owns 34.2% of Acacia Research

March 6, 2023 | finance.yahoo.com

What's Happening Deep in the Heart of Deep Value Land?

March 6, 2023 | finance.yahoo.com

Acacia Announces Closing of Rights Offering

March 2, 2023 | finance.yahoo.com

Acacia Research to Release Fourth Quarter and Full Year 2022 Financial Results on March 16

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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ACTG Company Calendar

Last Earnings: 3/16/2023
Today: 5/28/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Patent owners & lessors
Sub-Industry: Research & Consulting Services
Sector: Business Services
Current Symbol: NASDAQ:ACTG
CUSIP: 00388130
CIK: 934549
Web: www.acaciaresearch.com
Phone: (332) 236-8500
Fax: 949-480-8301
Employees: 20
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $7.00
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +78.1%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.99)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-125,070,000.00
Net Margins: -75.75%
Pretax Margin: -44.74%
Return on Equity: -5.48%
Return on Assets: -3.09%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.60
Quick Ratio: 5.44

Sales & Book Value

Annual Sales: $59.22 million
Price / Sales: 3.89
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.07 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 58,550,000
Free Float: 57,076,000
Market Cap: $230.10 million
Optionable: Optionable
Beta: 0.41

Social Links

Key Executives

MJ McNulty
CEO, COO, Head-Mergers & Acquisitions

Kirsten Hoover
Chief Financial & Accounting Officer

Marc W. Booth
Chief Intellectual Property Officer

Jennifer Graff
Secretary

Jason W. Soncini
General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ACTG Stock - Frequently Asked Questions

What is Acacia Research's stock price forecast for 2023?: 0 analysts have issued twelve-month price objectives for Acacia Research's shares. Their ACTG share price forecasts range from $7.00 to $7.00. On average, they predict the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 78.1% from the stock's current price.
View analysts price targets for ACTG or view top-rated stocks among Wall Street analysts.
How have ACTG shares performed in 2023?: Acacia Research's stock was trading at $4.21 on January 1st, 2023. Since then, ACTG stock has decreased by 6.7% and is now trading at $3.93.
View the best growth stocks for 2023 here.
When is Acacia Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our ACTG earnings forecast.
How were Acacia Research's earnings last quarter?: Acacia Research Co. (NASDAQ:ACTG) issued its earnings results on Thursday, March, 16th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The business services provider earned $13.12 million during the quarter. Acacia Research had a negative net margin of 75.75% and a negative trailing twelve-month return on equity of 5.48%.
What ETFs hold Acacia Research's stock?: ETFs with the largest weight of Acacia Research (NASDAQ:ACTG) stock in their portfolio include Formidable ETF (FORH).First Trust Dow Jones Select Microcap Index Fund (FDM).
What other stocks do shareholders of Acacia Research own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Acacia Research investors own include Trevena (TRVN), Advanced Micro Devices (AMD), Ampio Pharmaceuticals (AMPE), Coeur Mining (CDE), Extreme Networks (EXTR), OPKO Health (OPK), Palatin Technologies (PTN), Rigel Pharmaceuticals (RIGL), Arrowhead Pharmaceuticals (ARWR) and Catalyst Pharmaceuticals (CPRX).

What is Acacia Research's stock symbol?: Acacia Research trades on the NASDAQ under the ticker symbol "ACTG."
Who are Acacia Research's major shareholders?: Acacia Research's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Starboard Value LP (34.16%), Formidable Asset Management LLC (3.02%), Renaissance Technologies LLC (2.81%), Dimensional Fund Advisors LP (2.52%), Portolan Capital Management LLC (2.46%) and BlackRock Inc. (1.58%). Insiders that own company stock include Jason W Soncini, Kirsten Hoover, Marc W Booth, Marc W Booth, Martin D Jr Mcnulty, Maureen Oconnell and Richard Jay Rosenstein.
View institutional ownership trends.
How do I buy shares of Acacia Research?: Shares of ACTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Acacia Research's stock price today?: One share of ACTG stock can currently be purchased for approximately $3.93.
How much money does Acacia Research make?: Acacia Research (NASDAQ:ACTG) has a market capitalization of $230.10 million and generates $59.22 million in revenue each year. The business services provider earns $-125,070,000.00 in net income (profit) each year or ($1.99) on an earnings per share basis.
How can I contact Acacia Research?: Acacia Research's mailing address is 4 PARK PLAZA SUITE 550, IRVINE CA, 92614. The official website for the company is www.acaciaresearch.com. The business services provider can be reached via phone at (332) 236-8500, via email at rob@fnkir.com, or via fax at 949-480-8301.

This page (NASDAQ:ACTG) was last updated on 5/29/2023 by MarketBeat.com Staff

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