MARA (NASDAQ:MARA) Price Target Lowered to $30.00 at Piper Sandler

MARA (NASDAQ:MARA) had its price objective reduced by Piper Sandler from $34.00 to $30.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other research analysts also recently commented on MARA. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.78.

MARA Stock Down 0.9 %

Shares of MARA opened at $13.79 on Monday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 12 month low of $12.05 and a 12 month high of $30.28. The firm’s 50 day moving average is $17.52 and its 200-day moving average is $18.46. The stock has a market capitalization of $4.68 billion, a PE ratio of 17.46 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts forecast that MARA will post -1.04 EPS for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on 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 approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on 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 owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,215 shares of company stock valued at $2,033,766 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Beacon Capital Management LLC bought a new stake in shares of MARA in the 4th quarter valued at about $26,000. Truvestments Capital LLC bought a new stake in MARA in the third quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new stake in MARA during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC raised 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 purchasing an additional 1,426 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. 44.53% of the stock is 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.