MARA (NASDAQ:MARA) Price Target Cut to $18.00 by Analysts at JPMorgan Chase & Co.

MARA (NASDAQ:MARA) had its price target cut by JPMorgan Chase & Co. from $23.00 to $18.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.80.

MARA Stock Down 7.2 %

MARA stock opened at $12.16 on Thursday. The firm has a market cap of $4.21 billion, a PE ratio of 15.39 and a beta of 5.95. MARA has a 1 year low of $12.05 and a 1 year high of $30.28. The company has a fifty day simple moving average of $16.83 and a 200 day simple moving average of $18.30. 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 (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Sell-side analysts anticipate that MARA will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,915 shares of company stock worth $2,265,643 over the last three months. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Institutional investors have recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. United Services Automobile Association boosted its stake in MARA by 3.4% in the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after buying an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. Mackenzie Financial Corp raised its stake in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after acquiring an additional 992 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.