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Marathon Patent Group Rises Over 42% Today

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Marathon Patent Group had its target cost upped by equities researchers at HC Wainwright from $17.00 to $30.00 in a note given to investors on, Briefing.com monday reports. The company currently features a “buy” rating in the continuing business services provider’s stock.

HC Wainwright’s target price points to a upside that is prospective ofper cent from the business’s past close. The analysts noted that the move had been a valuation call.

Stocks of Marathon Patent Group stock exposed at $22.52 on Monday. Market is had by the business capitalization of $1.43 billion, a PE ratio of -47.91 and a beta of 4.33. The company includes a simple that is 50-day average of $17.56 and a two-hundred time simple moving average of $6.60. Marathon Patent Group includes a one minimum of $0.35 and a single 12 months a lot of $28.37 12 months.

Marathon Patent Group (NASDAQ:MARA) final announced its profits results on, November 12th. The business services provider reported ($0.06) EPS for the quarter. The firm had revenue of $0.84 million throughout the quarter. Marathon Patent Group had a return that is negative equity of 48.25per cent and a negative net margin of 319.69%. On average, equities research analysts predict that Marathon Patent Group will post -0.19 EPS for the entire year that is present.

In other news, CFO David Philip Lieberman sold 7,500 stocks associated with business’s stock in a deal dated Tuesday, December 1st. The stock was sold at an price that is typical of6.15, for a total deal of $46,125.00.

Following the purchase, the principle officer that is monetary owns 72,309 shares within the company, valued at $444,700.35. The purchase ended up being disclosed in a filing that is appropriate the Securities & Exchange Commission, which can be available through this hyperlink. Marathon Patent Group had its target cost upped by equities.

Additionally, CEO Merrick D. Okamoto sold 632,000 stocks of the business’s stock in a transaction dated Thursday, January 7th. The stock was sold at an price that is normal of20.51, for a total value of $12,962,320.00. After the sale, the administrator that is main now owns 1,079,888 stocks into the company, valued at more or less $22,148,502.88. The disclosure with this sale can right here be found. Insiders have actually sold 651,500 shares of company stock well worth $13,082,455 in the last ninety days. Insiders own 2.13% associated with the business’s stock.

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