MARA (NASDAQ:MARA) Shares Down 6% Following Analyst Downgrade

Shares of MARA Holdings (NASDAQ:MARA) fell 6% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $11.00 to $9.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. MARA traded as low as $7.06 and last traded at $7.20. 43,932,056 shares traded hands during trading, a decline of 2% from the average daily volume of 45,049,320 shares. The stock had previously closed at $7.66.

Several other equities research analysts also recently issued reports on MARA. HC Wainwright assumed coverage on MARA in a report on Friday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. Compass Point reiterated a “buy” rating and set a $20.00 price objective on shares of MARA in a report on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a report on Tuesday, October 20th. Weiss Ratings upgraded MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Rosenblatt Securities lowered their target price on MARA from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average price target of $16.00.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $6.79, for a total value of $186,758.95. Following the completion of the sale, the chief executive officer owned 4,149,585 shares in the company, valued at $28,175,682.15. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the sale, the chief financial officer owned 377,066 shares of the company’s stock, valued at approximately $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 134,396 shares of company stock worth $1,311,490. 0.97% of the stock is owned by company insiders.

Top MARA Stories

Here are a few of the latest stories about MARA:

• Positive Sentiment: MARA’s $500 million share-repurchase authorization and sale of about $1.1 billion in Bitcoin to repay Bitcoin-backed debt have supported investor sentiment by reducing financing risk and returning capital to shareholders. Its third-quarter net income was $632.1 million, largely reflecting digital-asset gains, while revenue fell 35% year over year. Article: MARA Holdings turned $1.1 billion in Bitcoin into debt relief and buybacks
• Neutral Sentiment: The stock had rallied about 11% in a week amid the buyback news, but a report says planned AI leases could slip into next year, potentially delaying revenue from MARA’s data-center strategy. Article: MARA soars 11% in a week on its buyback; its AI leases could slip into next year
• Negative Sentiment: Analyst views are mixed: JPMorgan lowered its price target to $9 and kept an Underweight rating, while Guggenheim assigned a Neutral rating. Such caution may temper enthusiasm around the buyback and longer-term AI opportunity. Article: MARA earns Neutral rating from Guggenheim

Institutional Investors Weigh In On MARA

Several hedge funds have recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in MARA by 19.0% during the 3rd quarter. Private Advisor Group LLC now owns 42,009 shares of the business services provider’s stock worth $476,000 after purchasing an additional 6,699 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of MARA by 12.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,033,777 shares of the business services provider’s stock valued at $23,043,000 after purchasing an additional 219,097 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of MARA in the 3rd quarter valued at $4,679,000. Western Wealth Management LLC boosted its stake in shares of MARA by 7.2% in the 3rd quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of MARA during the third quarter worth $162,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 2.31 and a quick ratio of 0.89. The company’s 50-day moving average price is $9.68 and its two-hundred day moving average price is $10.63. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -0.88 and a beta of 5.23.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Monday, November 9th. The business services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.75%. The firm had revenue of $164.23 million for the quarter, compared to analyst estimates of $183.24 million. On average, equities research analysts anticipate that MARA Holdings will post -2.38 EPS for the current fiscal year.

About MARA

MARA Holdings, Inc., formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards. The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.