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

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

Other research analysts also recently issued reports about the stock. Macquarie lifted their target price on shares of 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 Wednesday, November 13th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered 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. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. 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 stock currently has an average rating of “Hold” and a consensus target price of $22.88.

MARA Price Performance

MARA opened at $26.03 on Thursday. The firm’s fifty day moving average price is $18.03 and its two-hundred day moving average price is $18.72. The company has a market capitalization 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 has a 1 year low of $10.76 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last issued its quarterly 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 company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, analysts anticipate that MARA will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,622 shares of company stock valued at $2,399,805. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

A number of institutional investors have recently bought and sold shares of MARA. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MARA by 186.6% during the second 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. increased its stake in MARA by 4,394.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock worth $26,892,000 after buying an additional 1,324,625 shares during the period. Public Sector Pension Investment Board bought a new stake in MARA during the 2nd quarter valued at about $11,920,000. Finally, Vanguard Group Inc. increased its position in shares of MARA by 1.9% during the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after acquiring an additional 441,455 shares during the period. 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.