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

Compass Point cut shares of MARA (NASDAQ:MARA) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage currently has $25.00 target price on the business services provider’s stock, up from their prior target price of $21.00.

MARA has been the subject of a number of other research reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. reduced their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $22.88.

MARA Stock Performance

Shares of MARA stock opened at $26.03 on Thursday. MARA has a 1 year low of $10.76 and a 1 year high of $34.09. The firm’s 50-day moving average is $18.03 and its 200 day moving average is $18.74. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 32.95 and a beta of 5.52. 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 (NASDAQ:MARA) last issued 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). The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. Sell-side analysts anticipate that MARA will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This represents a 0.79 % 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 owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MARA. Dimensional Fund Advisors LP lifted its holdings in MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the period. Principal Financial Group Inc. lifted its stake in shares of MARA by 4,394.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after buying an additional 1,324,625 shares in the last quarter. Public Sector Pension Investment Board bought a new position in MARA in the 2nd quarter worth $11,920,000. Finally, Vanguard Group Inc. increased its stake 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 buying an additional 441,455 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

About MARA

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.