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 sent to investors on Thursday morning, MarketBeat.com reports. They currently have $25.00 target price on the business services provider’s stock, up from their prior target price of $21.00.

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

MARA Stock Performance

Shares of MARA traded up $0.17 during mid-day 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. The firm has a market cap of $7.84 billion, a P/E ratio of 30.35 and a beta of 5.52. MARA has a 52 week low of $10.76 and a 52 week high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business has a fifty day moving average price of $17.66 and a 200-day moving average price of $18.67.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, equities research analysts expect that MARA will post -0.72 EPS for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,622 shares of company stock worth $2,399,805. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MARA. Dimensional Fund Advisors LP raised its position in MARA by 261.1% during the 2nd 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 during the last quarter. Bank of New York Mellon Corp raised its position in 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 last quarter. Principal Financial Group Inc. raised its position in 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 purchasing an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board bought a new position in MARA during the 2nd quarter valued at approximately $11,920,000. Finally, Vanguard Group Inc. raised its position in MARA by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares during the last quarter. Institutional investors 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.