MARA’s (MARA) Sell Rating Reaffirmed at Compass Point

MARA (NASDAQ:MARA)‘s stock had its “sell” rating reissued by equities research analysts at Compass Point in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $9.50 price target on the business services provider’s stock, down from their previous price target of $25.00. Compass Point’s target price indicates a potential downside of 27.43% from the stock’s previous close.

MARA has been the topic of several other reports. Piper Sandler decreased their price target on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays cut their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $20.55.

MARA Stock Down 9.6 %

Shares of MARA opened at $13.09 on Tuesday. The firm has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $17.36. 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 one year low of $9.81 and a one year high of $30.28. The company has a market cap of $4.61 billion, a P/E ratio of 16.57 and a beta of 6.82.

MARA (NASDAQ:MARA) last posted its quarterly earnings results 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. Research analysts forecast that MARA will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several hedge funds have recently modified their holdings of MARA. Spire Wealth Management raised its position in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the period. United Services Automobile Association increased its stake in MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after buying an additional 878 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock valued at $244,000 after buying an additional 992 shares during the last quarter. 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.