MARA (NASDAQ:MARA) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of MARA (NASDAQ:MARA) in a research note issued to investors on Monday, Marketbeat.com 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 analysts also recently issued reports on MARA. JPMorgan Chase & Co. cut their target price on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.33.

MARA Trading Up 1.5 %

Shares of NASDAQ:MARA opened at $26.42 on Monday. MARA has a 12-month low of $10.76 and a 12-month high of $34.09. The company has a market capitalization of $8.50 billion, a PE ratio of 33.44 and a beta of 5.52. The business has a 50 day moving average of $18.03 and a two-hundred day moving average of $18.72. 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 issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, analysts forecast that MARA will post -1.02 EPS for the current year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of 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, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,622 shares of company stock worth $2,399,805. 0.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MARA

Several institutional investors have recently added to or reduced their stakes in MARA. Truvestments Capital LLC purchased a new stake in MARA during the third quarter worth approximately $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC increased its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new position in MARA during the third quarter worth approximately $50,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in MARA during the first quarter worth approximately $105,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.