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HC Wainwright initiated coverage on shares of Marathon Patent Group (NASDAQ:MARA) in a research note issued on Wednesday. The firm set a “buy” rating and a $17.00 price target on the stock. HC Wainwright’s target price suggests a potential upside of 45.92% from the company’s current price.

Shares of Marathon Patent Group (NASDAQ:MARA) remained flat at $11.65 during during mid-day trading trading on Wednesday. The stock had a trading volume of 6,043 shares. Marathon Patent Group has a one year low of $4.42 and a one year high of $12.82. The stock’s 50-day moving average is $11.02 and its 200-day moving average is $8.00. The company’s market cap is $65.3 million.

Marathon Patent Group Inc is an intellectual property (NASDAQ:MARA) company that serves patent owners ranging from individual inventors to Fortune 500 corporations.

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