Rosenblatt Securities Has Lowered Expectations for MARA (NASDAQ:MARA) Stock Price

Key Points

• Rosenblatt Securities cut its MARA price target from $15 to $11 but maintained a Buy rating; the new target implied 65.66% upside from the prior close.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and average price target of $17.33, with seven Buy and three Sell ratings.
• MARA reported quarterly EPS of $1.28, beating the consensus estimate of a $0.39 loss, but revenue of $164.23 million fell short of expectations of $183.24 million.

MARA (NASDAQ:MARA - Get Free Report) had its price objective reduced by stock analysts at Rosenblatt Securities from $15.00 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Rosenblatt Securities's price objective suggests a potential upside of 65.66% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. HC Wainwright started coverage on shares of MARA in a report on Friday, September 11th. They issued a "buy" rating and a $20.00 price target on the stock. Piper Sandler restated an "overweight" rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. JPMorgan Chase & Co. downgraded shares of MARA from an "overweight" rating to an "underweight" rating and dropped their price objective for the company from $13.00 to $11.00 in a report on Monday, September 14th. Weiss Ratings lowered shares of MARA from a "sell (d)" rating to a "sell (d-)" rating in a research note on Friday, October 23rd. Finally, Cantor Fitzgerald reduced their target price on shares of MARA from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and an average target price of $17.33.

MARA Stock Performance

Shares of MARA stock opened at $6.64 on Tuesday. The business has a fifty day moving average of $9.80 and a 200 day moving average of $10.66. MARA has a 1 year low of $5.69 and a 1 year high of $16.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89.

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

Insider Activity at MARA

In other MARA news, CFO Salman Khan sold 16,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the sale, the chief financial officer owned 377,066 shares in the company, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel directly owned 898,780 shares in the company, valued at $10,785,360. The trade was a 0.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 134,396 shares of company stock worth $1,311,490. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in MARA by 315.5% during the first quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider's stock valued at $1,359,000 after purchasing an additional 126,482 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of MARA in the second quarter valued at about $3,545,000. Compass Financial Management LLC purchased a new stake in shares of MARA during the second quarter worth about $6,000,000. Edgestream Partners L.P. purchased a new stake in shares of MARA during the first quarter worth about $2,864,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of MARA during the second quarter worth about $1,177,000. Institutional investors and hedge funds own 44.53% of the company's stock.

Trending Headlines about MARA

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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