JPMorgan Chase & Co. Issues Positive Forecast for MARA (NASDAQ:MARA) Stock Price

MARA (NASDAQ:MARA - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider's stock.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities upped their price target on shares of MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Barclays lifted their price target on MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, April 24th. Compass Point reiterated a "sell" rating and set a $9.50 target price (down from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a research 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's stock. Based on data from MarketBeat, MARA currently has an average rating of "Hold" and a consensus price target of $20.94.

MARA Price Performance

MARA traded up $0.28 during trading on Friday, hitting $15.32. 38,623,547 shares of the stock traded hands, compared to its average volume of 45,127,738. The business has a 50 day moving average price of $14.42 and a 200 day moving average price of $16.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 19.39 and a beta of 6.61.

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

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 33,400 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the sale, the chief financial officer now directly owns 1,680,971 shares in the company, valued at $25,214,565. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the sale, the chief executive officer now directly owns 4,146,804 shares in the company, valued at $62,202,060. This trade represents a 1.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,348 shares of company stock worth $2,633,802 in the last ninety days. Corporate insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. United Services Automobile Association raised its stake in MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after purchasing an additional 635 shares in the last quarter. Ranch Capital Advisors Inc. grew its position in MARA by 5.8% in the first quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider's stock worth $168,000 after acquiring an additional 805 shares in the last quarter. Mackenzie Financial Corp increased its stake in MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock valued at $304,000 after acquiring an additional 878 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in MARA by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider's stock valued at $127,000 after purchasing an additional 991 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of MARA by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock worth $244,000 after purchasing an additional 992 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

About MARA

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.