Barclays Issues Pessimistic Forecast for MARA (NASDAQ:MARA) Stock Price

MARA (NASDAQ:MARA) had its target price decreased by Barclays from $27.00 to $14.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the business services provider’s stock.

A number of other equities analysts have also commented on the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.78.

MARA Price Performance

MARA stock opened at $15.12 on Monday. The stock’s fifty day moving average price is $17.28 and its two-hundred day moving average price is $18.43. MARA has a one year low of $12.05 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $5.13 billion, a PE ratio of 19.14 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, research analysts expect that MARA will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated 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 directly owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,915 shares of company stock valued at $2,289,443 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its position in MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after buying an additional 107,963 shares in the last quarter. Weiss Asset Management LP bought a new stake in MARA in the 3rd quarter valued at about $1,557,000. Intech Investment Management LLC bought a new stake in MARA in the 3rd quarter valued at about $1,107,000. Finally, Public Sector Pension Investment Board increased its holdings in MARA by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after purchasing an additional 24,300 shares in the last quarter. 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.