Could RPX Corp (RPXC) Gain Strenght After Forming Multiple Top?

September 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.15 in 2016 Q4. Its down 0.05, from 1.2 in 2016Q3. It dived, as 9 investors sold RPX Corp shares while 46 reduced holdings. 23 funds opened positions while 40 raised stakes. 40.39 million shares or 2.60% less from 41.47 million shares in 2016Q3 were reported.
New York-based Alliancebernstein Ltd Partnership has invested 0% in RPX Corp (NASDAQ:RPXC). Gotham Asset Llc reported 0% of its portfolio in RPX Corp (NASDAQ:RPXC). Sei Invests holds 0% or 44,385 shares in its portfolio. Wellington Mngmt Grp Llp owns 189,621 shares or 0% of their US portfolio. Price T Rowe Associates Md holds 0% or 11,537 shares in its portfolio. California-based Menta Capital has invested 0.13% in RPX Corp (NASDAQ:RPXC). Envestnet Asset Management Inc reported 0% in RPX Corp (NASDAQ:RPXC). Ny State Common Retirement Fund has 84,298 shares. Pacific Ridge Cap Partners Ltd Limited Liability Company has invested 0.18% in RPX Corp (NASDAQ:RPXC). Stevens Capital Lp, a Pennsylvania-based fund reported 12,777 shares. Hbk Invests Lp owns 122,200 shares for 0.01% of their portfolio. Seizert Capital Prtn Ltd reported 311,234 shares or 0.12% of all its holdings. Citigroup holds 74,404 shares or 0% of its portfolio. Swiss Commercial Bank stated it has 0% of its portfolio in RPX Corp (NASDAQ:RPXC). 17,712 were reported by State Board Of Administration Of Florida Retirement Sys.

Since May 3, 2017, it had 0 insider buys, and 6 sales for $1.38 million activity. Yen Mallun sold $135,162 worth of stock. 35,000 shares were sold by HEATH ROBERT H, worth $473,428. On Friday, May 12 the insider Campion Trevor sold $541,456.

The stock of RPX Corp (RPXC) shows a multiple tops pattern with $13.30 target or 4.00 % above today’s $12.79 share price. The 7 months chart pattern indicates low risk for the $633.11M company. It was reported on Sep, 17 by Finviz.com. If the $13.30 price target is reached, the company will be worth $25.32 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.55% or $0.07 on September 15, reaching $12.79. About 388,676 shares traded or 68.65% up from the average. RPX Corp (NASDAQ:RPXC) has risen 55.41% since September 17, 2016 and is uptrending. It has outperformed by 38.71% the S&P500.

Analysts await RPX Corp (NASDAQ:RPXC) to report earnings on November, 2. They expect $0.11 earnings per share, down 42.11 % or $0.08 from last year’s $0.19 per share. RPXC’s profit will be $5.45M for 29.07 P/E if the $0.11 EPS becomes a reality. After $0.11 actual earnings per share reported by RPX Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

RPX Corp (NASDAQ:RPXC) Ratings Coverage

Among 3 analysts covering RPX Corporation (NASDAQ:RPXC), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. RPX Corporation had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of RPX Corp (NASDAQ:RPXC) has “Underweight” rating given on Thursday, August 20 by Barclays Capital. The stock of RPX Corp (NASDAQ:RPXC) has “Neutral” rating given on Wednesday, December 16 by Robert W. Baird. The stock of RPX Corp (NASDAQ:RPXC) has “Outperform” rating given on Friday, February 17 by Robert W. Baird. Cowen & Co maintained RPX Corp (NASDAQ:RPXC) rating on Friday, November 4. Cowen & Co has “Outperform” rating and $12 target. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, February 15 report. Cowen & Co downgraded RPX Corp (NASDAQ:RPXC) on Monday, February 6 to “Market Perform” rating.

More notable recent RPX Corp (NASDAQ:RPXC) news were published by: Prnewswire.com which released: “RPX Corporation Announces CEO Transition” on February 06, 2017, also Prnewswire.com with their article: “RPX Corporation Completes Transaction with ZiiLabs” published on July 10, 2017, Seekingalpha.com published: “RPX Corp Is An Attractive Value Proposition” on September 14, 2015. More interesting news about RPX Corp (NASDAQ:RPXC) were released by: Seekingalpha.com and their article: “RPX Corp.: 6x EV/FCF For This Patent Troll Killer” published on November 11, 2015 as well as Marketwatch.com‘s news article titled: “12.79” with publication date: May 07, 2011.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: