MARA (NASDAQ:MARA) Price Target Cut to $9.00 by Analysts at JPMorgan Chase & Co.

MARA (NASDAQ:MARA) had its target price decreased by analysts at JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 15.95% from the stock’s current price.

Several other equities analysts have also commented on MARA. Morgan Stanley set a $10.00 price target on shares of MARA and gave the company an “underweight” rating in a research note on Friday, October 9th. Guggenheim reissued a “neutral” rating on shares of MARA in a report on Tuesday. Cantor Fitzgerald lowered their target price on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Compass Point reaffirmed a “buy” rating and issued a $20.00 target price on shares of MARA in a research report on Tuesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $11.00 target price (down from $13.00) on shares of MARA in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.00.

MARA Stock Up 5.7%

Shares of MARA stock traded up $0.42 during trading on Wednesday, hitting $7.76. 16,442,872 shares of the stock were exchanged, compared to its average volume of 44,890,281. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s 50-day moving average price is $9.73 and its 200 day moving average price is $10.65. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -0.96 and a beta of 5.23. MARA has a 12-month low of $5.69 and a 12-month high of $16.43.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Monday, November 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $1.67. The company had revenue of $164.23 million during the quarter, compared to the consensus estimate of $183.24 million. MARA had a negative return on equity of 37.38% and a negative net margin of 411.23%. As a group, analysts forecast that MARA will post -2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, CEO Frederick Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was 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 approximately $28,175,682.15. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $12.00, for a total value of $100,512.00. Following the completion of the sale, the general counsel directly owned 898,780 shares of the company’s stock, valued at $10,785,360. The trade was a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 134,396 shares of company stock valued at $1,311,490 over the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP increased its stake in MARA by 315.5% in the first quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider’s stock valued at $1,359,000 after purchasing an additional 126,482 shares during the period. WINTON GROUP Ltd purchased a new position in shares of MARA during the second quarter worth about $3,545,000. Compass Financial Management LLC purchased a new position in shares of MARA during the second quarter worth about $6,000,000. Edgestream Partners L.P. acquired a new position in MARA in the 1st quarter valued at about $2,864,000. Finally, Engineers Gate Manager LP acquired a new position in MARA in the 2nd quarter valued at about $1,177,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Key Headlines Impacting MARA

These are some of the MARA headlines that stood out recently:

• Positive Sentiment: MARA authorized a discretionary $500 million share repurchase program, a capital-return plan that may signal management confidence and support demand for shares. Article: MARA Holdings Stocks Jump on Buyback and Debt Paydown
• Neutral Sentiment: MARA is pursuing AI and data-center growth, citing roughly 1 gigawatt of current power capacity and a path toward more than 4 GW. The strategy could diversify revenue, but execution and financing remain key uncertainties. Article: MARA Touts AI Demand and a 4 GW Power Portfolio
• Negative Sentiment: Third-quarter revenue fell 35% year over year to about $164 million, below estimates; bitcoin mining revenue also declined as lower bitcoin prices and higher power costs pressured operations. The reported profit was substantially supported by bitcoin valuation gains, rather than stronger underlying revenue. Article: MARA Stock Slips Overnight on Revenue Miss

MARA Company Profile

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.