November 18, 2016 - By Pete Kolinski · 0 Comments
Marathon Patent Group Inc (NASDAQ:MARA) institutional sentiment decreased to 1.8 in 2016 Q2. Its down -1.20, from 3 in 2016Q1. The ratio fall, as 9 active investment managers opened new and increased equity positions, while 3 sold and reduced their positions in Marathon Patent Group Inc. The active investment managers in our partner’s database now hold: 1.32 million shares, up from 1.15 million shares in 2016Q1. Also, the number of active investment managers holding Marathon Patent Group Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 0 Increased: 5 New Position: 4.
Marathon Patent Group Inc. is engaged in acquiring patents and patent rights from owners or other ventures. The company has a market cap of $28.97 million. The Firm monetizes its portfolio of patents and patent rights by entering into license discussions. It currently has negative earnings. The Firm owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.
The stock closed at $2.17 during the last session. It is down 14.21% since April 18, 2016 and is uptrending. It has outperformed by 9.78% the S&P500.
Analysts await Marathon Patent Group Inc (NASDAQ:MARA) to report earnings on November, 21. They expect $-0.21 EPS, down 320.00% or $0.16 from last year’s $-0.05 per share. After $0.49 actual EPS reported by Marathon Patent Group Inc for the previous quarter, Wall Street now forecasts -142.86% negative EPS growth.
According to Zacks Investment Research, “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.”
Cambridge Investment Research Advisors Inc. holds 0.05% of its portfolio in Marathon Patent Group Inc for 848,449 shares. Tci Wealth Advisors Inc. owns 12,000 shares or 0.02% of their US portfolio. Moreover, Fortress Investment Group Llc has 0.01% invested in the company for 134,409 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 32,468 shares.#img1#
Ratings analysis reveals 80% of Marathon Patent Group Inc’s analysts are positive. Out of 5 Wall Street analysts rating Marathon Patent Group Inc, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $7 while the high is $8. The stock’s average target of $7.33 is 237.79% above today’s ($2.17) share price. MARA was included in 7 notes of analysts from August 18, 2015. The firm has “Outperform” rating by Wells Fargo given on Wednesday, October 7. The stock of Marathon Patent Group Inc (NASDAQ:MARA) earned “Hold” rating by Zacks on Wednesday, August 19. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The company was upgraded on Tuesday, September 22 by Zacks.
Marathon Patent Group, Inc., incorporated on February 23, 2010, is a patent acquisition, monetization and commercialization company. The Firm acquires patents and patent rights from their owners ranging from individual inventors to Fortune 500 companies. The Company’s commercialization division is focused on the commercialization lifecycle, which includes discovering opportunities, performing due diligence, providing capital, managing development, protecting and developing Internet Protocol (IP), assisting in execution of the business plan and realizing shareholder value.
More news for Marathon Patent Group Inc (NASDAQ:MARA) were recently published by: Seekingalpha.com, which released: “Marathon Patent Group: Tops In Intellectual Property” on June 13, 2016. Forbes.com‘s article titled: “New IP Company Marathon Patent Group Promises Diversification Amid Risky …” and published on May 06, 2013 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Pete Kolinski