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

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

MARA has been the subject of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, November 13th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, Macquarie raised their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus target price of $23.33.

MARA Trading Up 1.5 %

Shares of MARA opened at $26.42 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA has a 1 year low of $10.76 and a 1 year high of $34.09. The company has a 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $18.72. The firm has a market cap of $8.50 billion, a P/E ratio of 33.44 and a beta of 5.52.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. On average, equities analysts expect that MARA will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction 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. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,622 shares of company stock worth $2,399,805. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in shares of MARA by 27.7% in 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 in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after acquiring an additional 107,963 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of MARA in the third quarter valued at about $640,000. Rhumbline Advisers raised its holdings in shares of 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 acquiring an additional 439,309 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of MARA in the second quarter valued at about $4,498,000. 44.53% of the stock is currently owned by 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.