MARA (NASDAQ:MARA) Lowered to Neutral Rating by Compass Point

Compass Point downgraded shares of MARA (NASDAQ:MARA) from a buy rating to a neutral rating in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has $25.00 target price on the business services provider’s stock, up from their previous target price of $21.00.

Several other analysts also recently weighed in on the company. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.88.

MARA Stock Up 0.7 %

Shares of NASDAQ:MARA traded up $0.17 during trading on Thursday, hitting $24.35. The stock had a trading volume of 10,590,106 shares, compared to its average volume of 55,146,840. MARA has a 12 month low of $10.76 and a 12 month high of $34.09. The company has a market capitalization of $7.84 billion, a PE ratio of 30.35 and a beta of 5.52. The firm’s fifty day moving average is $17.66 and its 200 day moving average is $18.67. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (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 during the quarter, compared to the consensus estimate of $140.26 million. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue was up 34.4% on a year-over-year basis. Analysts anticipate that MARA will post -0.72 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 135,622 shares of company stock worth $2,399,805. Insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after purchasing an additional 441,455 shares during the period. American International Group Inc. raised its holdings in MARA by 4.3% in the 1st quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock worth $2,495,000 after purchasing an additional 4,593 shares during the period. Natixis bought a new position in MARA in the 1st quarter worth $177,000. Lazard Asset Management LLC bought a new position in MARA in the 1st quarter worth $249,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares during the period. 44.53% of the stock is 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.