MARA (NASDAQ:MARA) Research Coverage Started at Barclays

Barclays began coverage on shares of MARA (NASDAQ:MARA) in a research note released on Monday, MarketBeat reports. The firm issued an equal weight rating and a $27.00 target price on the business services provider’s stock.

A number of other research analysts have also weighed in on MARA. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.33.

MARA Stock Up 7.8 %

Shares of MARA opened at $26.92 on Monday. The firm has a market cap of $8.66 billion, a P/E ratio of 32.56 and a beta of 5.52. MARA has a 12 month low of $11.55 and a 12 month high of $34.09. The stock’s 50 day moving average is $18.42 and its two-hundred day moving average is $18.82. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. Analysts predict that MARA will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,822 shares of company stock worth $2,702,877 in the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after acquiring an additional 49,062 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new stake in MARA in the 3rd quarter valued at approximately $640,000. Rhumbline Advisers raised its position in MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in MARA during the second quarter worth $4,498,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Company Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.