MARA (NASDAQ:MARA) Stock Rating Upgraded by JPMorgan Chase & Co.

MARA (NASDAQ:MARA) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Tuesday, MarketBeat reports. The firm currently has a $23.00 target price on the business services provider’s stock, up from their previous target price of $12.00. JPMorgan Chase & Co.‘s price target suggests a potential downside of 3.56% from the company’s current price.

Several other analysts have also weighed in on the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald started coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus price target of $24.56.

MARA Stock Down 9.8 %

MARA stock opened at $23.85 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $20.16 and its 200 day moving average price is $19.20. MARA has a 52 week low of $13.16 and a 52 week high of $34.09. The company has a market cap of $7.68 billion, a P/E ratio of 30.19 and a beta of 5.63.

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

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 153,622 shares of company stock valued at $2,906,197. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently made changes to their positions in the stock. Financial Advocates Investment Management raised its position in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares during the period. Ranch Capital Advisors Inc. increased its stake in MARA by 6.1% during the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after acquiring an additional 780 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. Institutional investors and hedge funds 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.