MARA (NASDAQ:MARA) Price Target Cut to $9.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its MARA price target from $11 to $9 and maintained an underweight rating; the new target implies 15.95% upside from the prior close.
• Analyst views remain mixed: MarketBeat reports a consensus “Hold” rating and a $16 average price target, with recent calls ranging from buy to sell.
• MARA reported quarterly revenue of $164.23 million, below analysts’ $183.24 million estimate, despite earnings per share beating consensus estimates.

MARA (NASDAQ:MARA - Get Free Report) had its price target cut by equities researchers at JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "underweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.95% from the company's previous close.

Several other research analysts also recently commented on the company. Guggenheim reissued a "neutral" rating on shares of MARA in a research note on Tuesday. HC Wainwright initiated coverage on shares of MARA in a research report on Friday, September 11th. They issued a "buy" rating and a $20.00 target price for the company. 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. Weiss Ratings upgraded shares of MARA from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday. Finally, Rosenblatt Securities dropped their price objective on shares of MARA from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.00.

MARA Price Performance

Shares of MARA traded up $0.42 during mid-day trading on Wednesday, hitting $7.76. 16,442,872 shares of the company were exchanged, compared to its average volume of 44,890,281. MARA has a 1-year low of $5.69 and a 1-year high of $16.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average of $9.73 and a 200-day moving average of $10.65. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -0.96 and a beta of 5.23.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.38%. The firm had revenue of $164.23 million for the quarter, compared to analyst estimates of $183.24 million. Analysts expect that MARA will post -2.38 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $6.79, for a total value of $186,758.95. Following the sale, the chief executive officer directly owned 4,149,585 shares in the company, valued at approximately $28,175,682.15. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of MARA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the sale, the chief financial officer owned 377,066 shares of the company's stock, valued at $3,472,777.86. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 134,396 shares of company stock valued at $1,311,490 in the last 90 days. Company insiders own 0.97% of the company's stock.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently modified their holdings of MARA. Private Advisor Group LLC lifted its stake in MARA by 19.0% during the 3rd quarter. Private Advisor Group LLC now owns 42,009 shares of the business services provider's stock worth $476,000 after acquiring an additional 6,699 shares in the last quarter. Public Sector Pension Investment Board grew its position in MARA by 12.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,033,777 shares of the business services provider's stock valued at $23,043,000 after acquiring an additional 219,097 shares in the last quarter. Edgestream Partners L.P. acquired a new position in MARA in the 3rd quarter valued at about $4,679,000. Western Wealth Management LLC increased its stake in MARA by 7.2% during the third quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider's stock worth $322,000 after purchasing an additional 1,894 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in MARA during the third quarter worth about $162,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Top MARA Stories

Here are a few of the latest stories about MARA:

• Positive Sentiment: MARA authorized a discretionary $500 million share repurchase program, a capital-return plan that may signal management confidence and support demand for shares. Article: MARA Holdings Stocks Jump on Buyback and Debt Paydown
• Neutral Sentiment: MARA is pursuing AI and data-center growth, citing roughly 1 gigawatt of current power capacity and a path toward more than 4 GW. The strategy could diversify revenue, but execution and financing remain key uncertainties. Article: MARA Touts AI Demand and a 4 GW Power Portfolio
• Negative Sentiment: Third-quarter revenue fell 35% year over year to about $164 million, below estimates; bitcoin mining revenue also declined as lower bitcoin prices and higher power costs pressured operations. The reported profit was substantially supported by bitcoin valuation gains, rather than stronger underlying revenue. Article: MARA Stock Slips Overnight on Revenue Miss

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.

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