Analysts See $0.00 EPS for Renren (RENN); Acacia Research (ACTG) Has 1.2 Sentiment

May 16, 2017 - By Adrian Mccoy

Analysts expect Renren Inc (NYSE:RENN) to report $0.00 EPS on June, 14. About 359,061 shares traded or 214.56% up from the average. Renren Inc (NYSE:RENN) has declined 49.80% since October 6, 2016 and is downtrending. It has underperformed by 60.45% the S&P500.

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The company has market cap of $230.17 million. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. It currently has negative earnings. The Company’s 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, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

Heartland Advisors Inc holds 1.71% of its portfolio in Acacia Research Corp for 4.76 million shares. Pacific Ridge Capital Partners Llc owns 683,460 shares or 1.6% of their US portfolio. Moreover, Manatuck Hill Partners Llc has 1.55% invested in the company for 488,500 shares. The Ohio-based Opus Capital Group Llc has invested 0.9% in the stock. Cwm Llc, a Nebraska-based fund reported 1.91 million shares.

Since January 1, 0001, it had 4 buys, and 0 selling transactions for $514,609 activity.

About 163,093 shares traded. Acacia Research Corp (NASDAQ:ACTG) has declined 24.12% since October 6, 2016 and is downtrending. It has underperformed by 34.77% the S&P500.

Ratings analysis reveals 67% of Acacia Research’s analysts are positive. Out of 3 Wall Street analysts rating Acacia Research, 2 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $4 while the high is $12. The stock’s average target of $5.97 is 25.68% above today’s ($4.75) share price. ACTG was included in 6 notes of analysts from August 20, 2015. Barclays Capital maintained it with “Underweight” rating and $6 target in Friday, July 29 report. The stock of Acacia Research Corp (NASDAQ:ACTG) earned “Buy” rating by Lake Street on Wednesday, December 23. The rating was upgraded by Northland Capital to “Outperform” on Monday, May 23. On Tuesday, January 5 the stock rating was downgraded by Barclays Capital to “Underweight”.

Renren Inc. operates a real name social networking Internet platform in China. The company has market cap of $470.23 million. The Firm enables users to connect and communicate with each other, share photos, and various features and services. It currently has negative earnings. The Firm is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.