Barclays Initiates Coverage on MARA (NASDAQ:MARA)

Barclays initiated coverage on shares of MARA (NASDAQ:MARA) in a research report released on Monday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $27.00 price objective on the business services provider’s stock.

A number of other equities analysts also recently commented on MARA. Cantor Fitzgerald began coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.33.

MARA Price Performance

Shares of MARA opened at $26.92 on Monday. The company has a market cap of $8.66 billion, a P/E ratio of 32.56 and a beta of 5.52. MARA has a fifty-two week low of $11.55 and a fifty-two week high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average price is $18.42 and its 200 day moving average price is $18.82.

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 analysts’ consensus estimates 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 period in the prior year, the company posted ($0.05) EPS. The firm’s revenue was up 34.4% compared to the same quarter last year. On average, research analysts forecast that MARA will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,822 shares of company stock worth $2,702,877 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of MARA during the third quarter worth about $26,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC increased its position in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of MARA during the 3rd quarter worth approximately $50,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of MARA in the 1st quarter valued at approximately $105,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Company Profile

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.