MARA (NASDAQ:MARA) Given Neutral Rating at Guggenheim

Key Points

• Guggenheim reiterated its neutral rating on MARA. Analysts’ overall consensus is Hold, with an average price target of $17.33.
• MARA shares opened at $6.64 and were reported up 4.6%; the stock’s 52-week range is $5.69 to $16.62.
• Quarterly EPS of $1.28 beat estimates, but revenue of $164.23 million fell short of expectations. The article also notes recent Bitcoin sales to repay debt and fund the company’s AI infrastructure plans.

MARA (NASDAQ:MARA - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Guggenheim in a report released on Tuesday, Benzinga reports.

MARA has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered shares of MARA from an "overweight" rating to an "underweight" rating and dropped their target price for the stock from $13.00 to $11.00 in a research report on Monday, September 14th. Weiss Ratings downgraded shares of MARA from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, October 23rd. Cantor Fitzgerald decreased their price target on shares of MARA from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Piper Sandler reiterated an "overweight" rating and issued a $11.00 price target (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. Finally, Morgan Stanley set a $10.00 price objective on shares of MARA and gave the company an "underweight" rating in a report on Friday, October 9th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.33.

MARA Trading Up 4.6%

MARA stock opened at $6.64 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. MARA has a 1-year low of $5.69 and a 1-year high of $16.62. The business has a 50 day simple moving average of $9.80 and a two-hundred day simple moving average of $10.66. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -0.72 and a beta of 5.23.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $1.67. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. The firm had revenue of $164.23 million for the quarter, compared to analysts' expectations of $183.24 million. Research analysts anticipate that MARA will post -2.38 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Khan sold 16,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the completion of the transaction, the chief financial officer directly owned 377,066 shares of the company's stock, valued at approximately $3,472,777.86. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total transaction of $186,758.95. Following the completion of the transaction, the chief executive officer directly owned 4,149,585 shares of the company's stock, valued at approximately $28,175,682.15. This trade represents a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,396 shares of company stock valued at $1,311,490 in the last ninety days. Corporate insiders own 0.97% of the company's stock.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently made changes to their positions in the business. Edgestream Partners L.P. purchased a new stake in shares of MARA during the 3rd quarter valued at about $4,679,000. Western Wealth Management LLC grew its position in MARA by 7.2% in the third quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider's stock worth $322,000 after acquiring an additional 1,894 shares in the last quarter. Ground Swell Capital LLC bought a new stake in MARA during the third quarter worth approximately $162,000. Diversified Trust Co bought a new stake in MARA during the third quarter worth approximately $463,000. Finally, Maryland State Retirement & Pension System increased its stake in MARA by 55.9% during the third quarter. Maryland State Retirement & Pension System now owns 86,449 shares of the business services provider's stock worth $979,000 after acquiring an additional 30,995 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Key MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: MARA sold 13,597 Bitcoin for about $1.1 billion and used $750 million to repay all its Bitcoin-backed loans, reducing debt and collateral risk. MARA sells Bitcoin and repays loans
• Positive Sentiment: The company is positioning its power assets for AI demand: it operates about 1 GW and targets a portfolio exceeding 4 GW, with two lease signings expected before year-end. A reported $79 million GPU contract adds a near-term commercial opportunity. MARA AI power capacity plans
• Neutral Sentiment: MARA authorized a $500 million share repurchase, potentially supporting the stock, though investors may weigh buybacks against the company’s significant Bitcoin sales and AI investment needs. MARA buyback authorization
• Negative Sentiment: Third-quarter revenue of $164.2 million missed analyst expectations. Bitcoin mining revenue fell 34% year over year despite production rising 5% to 2,247 BTC, while purchased energy costs increased 12%. The reported earnings beat appears less reflective of core mining performance, as Bitcoin valuation effects affected results. Mining revenue and costs
• Negative Sentiment: MARA says it may sell more Bitcoin to fund AI infrastructure, convertible notes, and buybacks. While this could finance diversification, continued sales reduce its Bitcoin holdings and exposure to potential price gains. MARA plans additional Bitcoin sales

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards.

The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.

Marathon Patent Group, the company's predecessor, was founded in 2010 and later shifted its focus to digital assets and Bitcoin mining.

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