Marti Technologies downgraded by Cantor Fitzgerald with a new price target
$MRT
Rental/Leasing Companies
Consumer Discretionary
Cantor Fitzgerald downgraded Marti Technologies from Overweight to Neutral and set a new price target of $3.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2025 | $3.00 | Overweight → Neutral | Cantor Fitzgerald |
Marti sets targets for June 30, 2025 of 2.15 million riders and 310 thousand registered drivers Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, announced today that as of March 25, 2025, Marti's ride-hailing service has reached 1.91 million riders and 290 thousand registered drivers, exceeding the March 31, 2025 targets of 1.90 million riders and 290 thousand registered drivers. Marti's number of ride-hailing riders grew 18.6% from December 15, 2024 to March 25, 2025. The number of registered drivers grew 13.9% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrat
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced an amendment to extend its share repurchase program. The Company's Board of Directors (the "Board") authorized a six month extension to its share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until October 9, 2025. The share repurchase program was originally initiated on January 10, 2024 and was previously amended to extend the term until April 9, 2025. In addition, the Board amended the ceiling price from $5.00 per share to up to $6.00 per share for the share repurchases. As of market close on March 21
Türkiye's leading mobility super app, Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), is proud to announce the launch of its Safety Academy, a transformative initiative designed to enhance rider safety and promote a culture of responsible and sustainable mobility practices. The Marti Safety Academy provides riders with the knowledge and tools to promote the safe and responsible use of its two-wheeled electric vehicle solutions. The program includes online safety training courses, best practice guides and certification tests to prepare riders to navigate Marti vehicles safely. This initiative underscores Marti's commitment to enhancing public safety and fostering a culture
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced its financial and operational results for the first half of 2024. Financial and Operational Highlights for the First Half of 2024 Capital efficient investments in ride-hailing produce performance exceeding operational targets Revenue of $8.4M, net loss of $21.9M, and adjusted EBITDA of $(11.3)M in 1H'24. On track to achieve FY'24 guidance of $16.6M revenue and $(22.5)M adjusted EBITDA Successful execution of operational efficiencies in two-wheeled electric vehicle rental business contributes to adjusted EBITDA neutral performance in 1H'24, representing a $4.4M increase
Marti Technologies, Inc. ("Marti") (NYSE:MRT), Türkiye's leading mobility super app, will announce its 2024 first half financial and operational results before the U.S. markets open on Monday, September 30, 2024. Conference Call and Webcast Details Marti's management will host an analyst and investor conference call and live webcast to discuss its financial and operational results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time on Monday, September 30, 2024. Live webcast can be accessed via: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ccnVKwav Participant Dial-In: 877-485-3103 / +1 201-689-8890 A replay will be available on the Marti Investor Rela
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced its financial and operational results for the full year ended December 31, 2023. Financial and Operational Highlights for Full Year 2023 Capital efficient investments in ride-hailing produce performance exceeding operational targets Focus on operational efficiencies in two-wheeled electric vehicle rental business contribute to performing in line with FY'23 revenue and adjusted EBITDA forecasts Revenue of $20.0M, net loss of $33.8M, and adjusted EBITDA of $(17.7)M in FY'23, relative to forecasts of $20.1M revenue and $(17.8)M adjusted EBITDA Only company offering
Cantor Fitzgerald downgraded Marti Technologies from Overweight to Neutral and set a new price target of $3.00
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, today announced that it has appointed Deniz Terlemez as its new Interim Chief Financial Officer ("CFO"), effective November 1, 2024. Deniz Terlemez succeeds Oguz Erkan, the Company's former CFO. Mr. Terlemez served as the Company's Finance Director before his appointment as Interim CFO. "We would like to thank Oguz Erkan for his integral contributions to the Company at a critical juncture. Oguz was instrumental in setting up the ride-hailing monetization capabilities of our organization. We are currently building on these strong foundations as we scale the monetization of our ride-hailing
BRANFORD, Conn., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (the "Company" or "Sachem Capital"), announced today that its Board of Directors (the "Board") has appointed Jeffery C. Walraven to the Board, effective August 21, 2024. Mr. Walraven will also stand for election at the Company's 2024 Annual Meeting of Shareholders. "We are pleased to welcome Jeffery Walraven to our Board," said John L. Villano, CEO and Chairman of the Board of Sachem Capital. "Jeff's deep experience in the real estate industry, especially in public company leadership, accounting and capital markets, will be invaluable to Sachem Capital as we grow our business and pursue value creation for our sharehol
Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT), Türkiye's leading mobility super app, today announced that it has appointed Oguz Erkan as its new Chief Financial Officer ("CFO"), effective May 17, 2024. Oguz Erkan replaces the Company's former CFO, Cem Yasar Ozey. "We welcome Oguz Erkan as Marti's new CFO. Oguz is an experienced finance executive, having led the finance departments of the Turkish subsidiaries of US publicly listed companies. He brings his knowledge of managing the finances of companies at scale, at a period when Marti is focused on scaling its business by introducing new services and growing its existing services. Oguz has a track record of dedication to c
6-K - Marti Technologies, Inc. (0001852767) (Filer)
S-8 - Marti Technologies, Inc. (0001852767) (Filer)
6-K - Marti Technologies, Inc. (0001852767) (Filer)