Media headlines about Marathon Patent Group (NASDAQ:MARA) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marathon Patent Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.3583358150487 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Marathon Patent Group (MARA) opened at 0.2681 on Tuesday. Marathon Patent Group has a 52-week low of $0.13 and a 52-week high of $3.44. The company’s 50 day moving average price is $0.30 and its 200 day moving average price is $0.80. The company’s market capitalization is $6.24 million.
Marathon Patent Group (NASDAQ:MARA) last posted its quarterly earnings data on Monday, May 15th. The business services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.10 million. Marathon Patent Group had a negative return on equity of 1,139.06% and a negative net margin of 81.91%. On average, analysts predict that Marathon Patent Group will post $0.11 EPS for the current year.
Separately, Zacks Investment Research upgraded Marathon Patent Group from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Wednesday, May 17th.
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In other Marathon Patent Group news, major shareholder Jeff Feinberg sold 419,482 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $0.37, for a total value of $155,208.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.80% of the company’s stock.
Marathon Patent Group Company Profile
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.
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