Barclays Raises MARA (NASDAQ:MARA) Price Target to $16.00

MARA (NASDAQ:MARA) had its price target hoisted by stock analysts at Barclays from $14.00 to $16.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target suggests a potential upside of 0.31% from the company’s previous close.

Several other brokerages have also issued reports on MARA. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. Rosenblatt Securities began coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. Compass Point reiterated a “sell” rating and issued a $9.50 target price (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler cut their price objective on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average price target of $20.72.

MARA Stock Up 1.2%

Shares of MARA traded up $0.19 during midday trading on Monday, reaching $15.95. 58,142,476 shares of the stock were exchanged, compared to its average volume of 45,016,178. The company has a market capitalization of $5.61 billion, a P/E ratio of 20.19 and a beta of 6.82. 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 52 week low of $9.81 and a 52 week high of $30.28. The company’s 50 day moving average is $13.08 and its two-hundred day moving average is $17.23.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The business had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. On average, sell-side analysts anticipate that MARA will post -1.04 earnings per share for the current year.

Insider Activity at MARA

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

Institutional Investors Weigh In On MARA

A number of large investors have recently made changes to their positions in MARA. Franklin Resources Inc. boosted its position in shares of MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 12,157 shares during the last quarter. Principal Financial Group Inc. lifted its stake in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in MARA during the fourth quarter worth $397,000. Arkadios Wealth Advisors purchased a new position in shares of MARA during the fourth quarter worth $231,000. Finally, Sara Bay Financial grew its stake in shares of MARA by 5.3% in the fourth quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock valued at $2,121,000 after buying an additional 6,141 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other 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.