MARA (NASDAQ:MARA) Price Target Cut to $14.00 by Analysts at Barclays

MARA (NASDAQ:MARA) had its price objective reduced by Barclays from $27.00 to $14.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

Several other brokerages have also recently weighed in on MARA. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. 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, November 18th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Finally, Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, MARA presently has an average rating of “Hold” and an average price target of $23.78.

MARA Stock Performance

NASDAQ:MARA opened at $13.79 on Monday. The business has a 50 day moving average of $17.52 and a 200 day moving average of $18.46. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 17.46 and a beta of 5.76. MARA has a 1-year low of $12.05 and a 1-year high of $30.28. 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 posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, sell-side analysts predict that MARA will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,215 shares of company stock valued at $2,033,766 in the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of MARA during the third quarter worth $26,000. Beacon Capital Management LLC purchased a new stake in MARA during the 4th quarter worth about $26,000. Park Square Financial Group LLC purchased a new stake in MARA during the 4th quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.