Barclays Increases MARA (NASDAQ:MARA) Price Target to $16.00

MARA (NASDAQ:MARA - Get Free Report) had its price target lifted by equities researchers at Barclays from $14.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the business services provider's stock. Barclays's target price suggests a potential upside of 0.31% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a report on Thursday, April 24th. Piper Sandler lowered their price objective on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MARA has an average rating of "Hold" and an average price target of $20.72.

MARA Price Performance

Shares of MARA traded up $0.19 during midday trading on Monday, reaching $15.95. The stock had a trading volume of 58,142,476 shares, compared to its average volume of 45,016,178. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.19 and a beta of 6.82. The company's 50-day moving average is $13.08 and its 200 day moving average is $17.23. MARA has a 12-month low of $9.81 and a 12-month high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities analysts predict that MARA will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. This trade represents a 0.70% 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. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Swiss National Bank boosted its stake in MARA by 13.5% during the first quarter. Swiss National Bank now owns 657,500 shares of the business services provider's stock worth $7,561,000 after buying an additional 78,300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of MARA by 17.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,558 shares of the business services provider's stock valued at $144,000 after buying an additional 1,894 shares during the period. Deutsche Bank AG raised its holdings in shares of MARA by 14.3% in the first quarter. Deutsche Bank AG now owns 1,120,035 shares of the business services provider's stock worth $12,880,000 after buying an additional 140,273 shares during the period. Charles Schwab Investment Management Inc. grew its position in MARA by 9.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,322,618 shares of the business services provider's stock valued at $38,210,000 after acquiring an additional 294,161 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in MARA by 2.7% in the first quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider's stock worth $457,832,000 after purchasing an additional 1,028,512 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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