MARA (NASDAQ:MARA) Given New $14.00 Price Target at Barclays

MARA (NASDAQ:MARA - Get Free Report) had its price target dropped by analysts at Barclays from $27.00 to $14.00 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 price objective points to a potential downside of 7.22% from the company's previous close.

MARA has been the subject of a number of other reports. Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price target on the stock. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, MARA currently has a consensus rating of "Hold" and an average target price of $23.78.

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MARA Price Performance

Shares of NASDAQ MARA traded down $0.03 during mid-day trading on Monday, reaching $15.09. 47,006,051 shares of the company traded hands, compared to its average volume of 47,022,663. The firm has a market cap of $5.12 billion, a PE ratio of 19.10 and a beta of 5.76. 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 fifty-two week low of $12.05 and a fifty-two week high of $30.28. The stock has a fifty day simple moving average of $17.18 and a 200-day simple moving average of $18.41.

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

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares of the company's stock, valued at $97,010,115. This trade represents a 0.66 % 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 company's stock in a transaction on 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 of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,915 shares of company stock valued at $2,289,443. Corporate insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in MARA by 7.5% in the 4th 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. Geode Capital Management LLC grew its stake in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after acquiring an additional 518,503 shares during the last quarter. American Century Companies Inc. increased its position in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after acquiring an additional 1,240,354 shares during the period. Northern Trust Corp raised its stake in MARA by 18.1% during the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after purchasing an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after purchasing an additional 372,094 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

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.