MARA (NASDAQ:MARA) Receives Sell Rating from Compass Point

MARA (NASDAQ:MARA - Get Free Report)'s stock had its "sell" rating reiterated by investment analysts at Compass Point in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $9.50 price objective on the business services provider's stock, down from their previous price objective of $25.00. Compass Point's price objective suggests a potential downside of 28.65% from the stock's previous close.

MARA has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Thursday, April 24th. Barclays reduced their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, Piper Sandler dropped their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.55.

MARA Stock Up 1.3 %

Shares of NASDAQ:MARA traded up $0.17 during trading on Tuesday, reaching $13.32. 31,491,205 shares of the stock were exchanged, compared to its average volume of 44,804,699. MARA has a 1-year low of $9.81 and a 1-year high of $30.28. The stock has a fifty day moving average of $13.03 and a two-hundred day moving average of $17.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 16.85 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Research analysts anticipate that MARA will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

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

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently bought and sold shares of MARA. Spire Wealth Management raised its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares in the last quarter. United Services Automobile Association boosted its position in shares of MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after acquiring an additional 635 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after purchasing an additional 860 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after purchasing an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in MARA by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock valued at $244,000 after purchasing an additional 992 shares in the last quarter. 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.