MARA (NASDAQ:MARA) Cut to Neutral at Compass Point

Compass Point cut shares of MARA (NASDAQ:MARA) from a buy rating to a neutral rating in a report published on Thursday morning, MarketBeat 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 have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, November 13th. 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, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Two 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.88.

MARA Price Performance

NASDAQ:MARA opened at $26.03 on Thursday. The firm 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 quick ratio of 4.00 and a current ratio of 4.00. The stock has a fifty day moving average of $18.03 and a 200 day moving average of $18.74. MARA has a 52-week low of $10.76 and a 52-week high of $34.09.

MARA (NASDAQ:MARA) last posted its quarterly earnings data 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 the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. On average, research analysts expect that MARA will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on 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 approximately $33,022,547.90. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,622 shares of company stock worth $2,399,805 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 2,340,472 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 1,327,969 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 buying an additional 1,324,625 shares in the last quarter. Public Sector Pension Investment Board bought a new position in shares of MARA in the 2nd quarter worth about $11,920,000. Finally, Vanguard Group Inc. lifted 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 acquiring an additional 441,455 shares during the period. 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.