In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Acacia Research (ACTG – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $3.63.
According to TipRanks, Stoss is a 5-star analyst with an average return of 7.5% and a 49.46% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, Digi International, and Semtech.
Acacia Research has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.
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The company has a one-year high of $4.66 and a one-year low of $3.43. Currently, Acacia Research has an average volume of 223.1K.
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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.
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