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

MARA (NASDAQ:MARA) had its price objective raised by analysts at Barclays from $14.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Barclays‘s target price points to a potential downside of 2.26% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Compass Point restated a “sell” rating and set a $9.50 price target (down previously from $25.00) on shares of MARA in a research note on Tuesday, May 6th. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Piper Sandler reduced their price target on shares of MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $20.72.

MARA Stock Performance

MARA opened at $16.37 on Monday. The firm has a market cap of $5.76 billion, a PE ratio of 20.72 and a beta of 6.82. MARA has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $13.12 and a 200-day simple moving average of $17.22.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The firm had revenue of $213.88 million for 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%. MARA’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. As a group, equities analysts predict that MARA will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 55,010 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the sale, the chief executive officer now directly owns 4,146,804 shares in the company, valued at approximately $62,202,060. This trade represents a 1.31% 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, Director Douglas K. Mellinger sold 3,000 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the completion of the sale, the director now owns 176,859 shares of the company’s stock, valued at $2,829,744. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,615 shares of company stock valued at $2,088,610 over the last quarter. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MARA. Norges Bank acquired a new position in shares of MARA during the fourth quarter valued at about $46,413,000. Vanguard Group Inc. grew its holdings in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. American Century Companies Inc. lifted its position in shares of MARA by 55.7% during the first quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider’s stock valued at $72,334,000 after purchasing an additional 2,250,082 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of MARA during the first quarter valued at about $14,810,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of MARA by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after purchasing an additional 1,248,292 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.