JPMorgan Chase & Co. Issues Pessimistic Forecast for MARA (NASDAQ:MARA) Stock Price

MARA (NASDAQ:MARA) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $23.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 36.57% from the stock’s current price.

MARA has been the subject of several other research reports. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.80.

MARA Price Performance

MARA stock opened at $13.18 on Thursday. 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 company has a market capitalization of $4.56 billion, a PE ratio of 16.68 and a beta of 5.95. MARA has a one year low of $12.05 and a one year high of $30.28. The business has a 50 day simple moving average of $16.73 and a 200 day simple moving average of $18.26.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate 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 forecast that MARA will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s 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 sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,915 shares of company stock valued at $2,265,643 over the last 90 days. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Norges Bank bought a new stake in MARA in the fourth quarter valued at about $46,413,000. Vanguard Group Inc. increased its holdings in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MARA by 192.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock worth $31,817,000 after acquiring an additional 1,248,292 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of MARA in the fourth quarter worth about $13,416,000. 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.