Roth Capital maintained a Buy rating on Marathon Patent Group (NASDAQ: MARA), and cut the price target to $7.00 (from $8.00), following the company's 3Q earnings report. Marathon Patent lost $3.8 million or ($0.26) per share on revenue of $6.4 million y/y. Roth's estimate was a $3.5 million loss on revenue of $5 million.

Analyst William Gibson commented, "We are lowering our 4Q15 and 2016 estimates. Our 4Q15 estimate declines to a profit of $270,000 or $0.02 per share on revenue of $11.6 million from $18 million and $0.20 previously. We are also lowering our 2016 estimate and introducing quarterly estimates."

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Shares of Marathon Patent Group closed at $1.40 yesterday.