Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Acacia Research (ACTG – Research Report) today. The company’s shares closed yesterday at $5.15.
Stoss covers the Technology sector, focusing on stocks such as Powerfleet, Silicon Motion, and indie Semiconductor. According to TipRanks, Stoss has an average return of 9.3% and a 56.10% success rate on recommended stocks.
The analyst consensus on Acacia Research is currently a Moderate Buy rating.
ACTG market cap is currently $515.1M and has a P/E ratio of 23.15.
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Acacia Research (ACTG) Company Description:
Acacia Research Corp. engages in the acquisition, development, and patents technologies through its subsidiaries. Its operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies. The company was founded by Robert Bruce Stewart on January 25, 1993 and is headquartered in Newport Beach, CA.
