Acacia Research (ACTG) Gets a Buy from Craig-Hallum
Craig-Hallum analyst Richard Shannon maintained a Buy rating on Acacia Research (ACTG – Research Report) today. The company’s shares closed yesterday at $4.22.
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Shannon covers the Technology sector, focusing on stocks such as Tower, IonQ, and D-Wave Quantum. According to TipRanks, Shannon has an average return of 7.4% and a 38.74% success rate on recommended stocks.
Acacia Research has an analyst consensus of Moderate Buy.
Based on Acacia Research’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $23.31 million and a GAAP net loss of $14 million. In comparison, last year the company earned a revenue of $10.08 million and had a net profit of $1.64 million
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