NASDAQ:ACTG - Acacia Research Stock Price, Price Target & More

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$3.95 +0.10 (+2.60 %)
(As of 07/18/2018 04:00 PM ET)
Previous Close$3.85
Today's Range$3.75 - $4.00
52-Week Range$2.90 - $5.50
Volume202,294 shs
Average Volume249,493 shs
Market Capitalization$197.30 million
P/E Ratio1.28
Dividend YieldN/A
Beta0.97
Acacia Research logoAcacia Research Corporation, together with its subsidiaries, invests in, licenses, and enforces patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,550 license agreements and 193 patent portfolio licensing and enforcement programs. Acacia Research Corporation was founded in 1992 and is headquartered in Newport Beach, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Patent owners & lessors
Sub-IndustryResearch & Consulting Services
SectorBusiness Services
SymbolNASDAQ:ACTG
CUSIP00388130
Phone949-480-8300

Debt

Debt-to-Equity RatioN/A
Current Ratio3.84
Quick Ratio3.84

Price-To-Earnings

Trailing P/E Ratio1.28
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$65.40 million
Price / Sales3.10
Cash Flow$3.4956 per share
Price / Cash1.13
Book Value$5.84 per share
Price / Book0.68

Profitability

EPS (Most Recent Fiscal Year)$2.97
Net Income$22.18 million
Net Margins1.66%
Return on Equity42.95%
Return on Assets39.10%

Miscellaneous

Employees13
Outstanding Shares51,250,000
Market Cap$197.30

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Acacia Research (NASDAQ:ACTG) Frequently Asked Questions

What is Acacia Research's stock symbol?

Acacia Research trades on the NASDAQ under the ticker symbol "ACTG."

How will Acacia Research's stock buyback program work?

Acacia Research announced that its board has initiated a stock repurchase program on Wednesday, February 14th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

How were Acacia Research's earnings last quarter?

Acacia Research Corp (NASDAQ:ACTG) announced its quarterly earnings data on Tuesday, May, 1st. The business services provider reported $0.30 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.33. The business services provider had revenue of $62.09 million for the quarter, compared to analysts' expectations of $10 million. Acacia Research had a return on equity of 42.95% and a net margin of 1.66%. Acacia Research's revenue was up 601.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. View Acacia Research's Earnings History.

When is Acacia Research's next earnings date?

Acacia Research is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Acacia Research.

What price target have analysts set for ACTG?

1 brokerages have issued 1 year price objectives for Acacia Research's stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate Acacia Research's stock price to reach $5.00 in the next year. This suggests a possible upside of 26.6% from the stock's current price. View Analyst Ratings for Acacia Research.

What is the consensus analysts' recommendation for Acacia Research?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Research in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell."

Who are some of Acacia Research's key competitors?

Who are Acacia Research's key executives?

Acacia Research's management team includes the folowing people:
  • Mr. Robert B. Stewart Jr., Principal Exec. Officer & Pres (Age 52)
  • Mr. Clayton J. Haynes, CFO, Sr. VP of Fin. & Treasurer (Age 48)
  • Mr. Edward J. Treska, Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Phillip Mitchell Ph.D., Sr. VP - Engineering
  • Mr. Darren Miller, Sr. VP of Contracts - Legal

Has Acacia Research been receiving favorable news coverage?

Media stories about ACTG stock have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acacia Research earned a media sentiment score of -0.15 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 46.56 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.

How do I buy shares of Acacia Research?

Shares of ACTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Acacia Research's stock price today?

One share of ACTG stock can currently be purchased for approximately $3.95.

How big of a company is Acacia Research?

Acacia Research has a market capitalization of $197.30 million and generates $65.40 million in revenue each year. The business services provider earns $22.18 million in net income (profit) each year or $2.97 on an earnings per share basis. Acacia Research employs 13 workers across the globe.

How can I contact Acacia Research?

Acacia Research's mailing address is 520 NEWPORT CENTER DRIVE 12TH FLOOR, NEWPORT BEACH CA, 92660. The business services provider can be reached via phone at 949-480-8300 or via email at [email protected]


MarketBeat Community Rating for Acacia Research (NASDAQ ACTG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  493
MarketBeat's community ratings are surveys of what our community members think about Acacia Research and other stocks. Vote "Outperform" if you believe ACTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ACTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/18/2018 by MarketBeat.com Staff

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