Marathon Patent Group Inc. (NASDAQ:MARA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Marathon Patent Group Inc. is a patent and patent rights acquisition and licensing company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. It serves its clients through two complementary business units: IP Services and IP Licensing and Enforcement business. Marathon Patent Group, Inc. is based in Alexandria, Virginia. “

Shares of Marathon Patent Group (NASDAQ:MARA) opened at 1.95 on Thursday. The firm’s 50-day moving average price is $2.35 and its 200-day moving average price is $2.60. The firm’s market capitalization is $29.34 million. Marathon Patent Group has a 12 month low of $1.29 and a 12 month high of $3.44.

Marathon Patent Group (NASDAQ:MARA) last released its quarterly earnings data on Monday, November 14th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.17. Marathon Patent Group had a negative net margin of 14.15% and a negative return on equity of 10.36%. On average, equities analysts anticipate that Marathon Patent Group will post ($0.23) earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in MARA. Cambridge Investment Research Advisors Inc. increased its stake in Marathon Patent Group by 17.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 848,449 shares of the company’s stock worth $2,325,000 after buying an additional 126,565 shares in the last quarter. Vanguard Group Inc. increased its stake in Marathon Patent Group by 3.5% in the second quarter. Vanguard Group Inc. now owns 204,734 shares of the company’s stock worth $561,000 after buying an additional 6,900 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in Marathon Patent Group during the third quarter worth approximately $118,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

About Marathon Patent Group

Marathon Patent Group Inc (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.

5 Day Chart for NASDAQ:MARA

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