MARA (NASDAQ:MARA) Given New $18.00 Price Target at JPMorgan Chase & Co.

MARA (NASDAQ:MARA) had its target price cut by JPMorgan Chase & Co. from $23.00 to $18.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other equities analysts also recently issued research reports about the company. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective on the stock. Piper Sandler lowered their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Stock Performance

NASDAQ MARA opened at $13.18 on Thursday. The company has a market cap of $4.56 billion, a P/E ratio of 16.68 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business’s 50 day moving average price is $16.60 and its 200-day moving average price is $18.23. MARA has a fifty-two week low of $12.05 and a fifty-two week high of $30.28.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Sell-side analysts predict that MARA will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,915 shares of company stock worth $2,265,643 in the last three months. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the period. Geode Capital Management LLC increased its holdings in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after purchasing an additional 518,503 shares during the period. American Century Companies Inc. increased its holdings in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the period. Northern Trust Corp increased its holdings in shares of MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after purchasing an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after purchasing an additional 372,094 shares during the period. 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.