MARA (NASDAQ:MARA) Given Neutral Rating at Guggenheim

MARA (NASDAQ:MARA – Get Free Report)‘s stock had its “neutral” rating reaffirmed by Guggenheim in a research note issued on Tuesday, Benzinga reports.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of MARA from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. downgraded shares of MARA from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $13.00 to $11.00 in a research note on Monday, September 14th. Rosenblatt Securities cut their price objective on shares of MARA from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday. Cantor Fitzgerald cut their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, Morgan Stanley set a $10.00 price objective on shares of MARA and gave the stock an “underweight” rating in a research note on Friday, October 9th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.33.

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MARA Stock Up 4.6%

NASDAQ:MARA opened at $6.64 on Tuesday. MARA has a 1-year low of $5.69 and a 1-year high of $16.62. The company has a 50-day moving average of $9.80 and a 200 day moving average of $10.66. The firm has a market cap of $2.57 billion, a PE ratio of -0.72 and a beta of 5.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89.

MARA (NASDAQ:MARA – Get Free Report) last issued its earnings results on Monday, November 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $1.67. The company had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $183.24 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. As a group, research analysts anticipate that MARA will post -2.38 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CFO Salman Khan sold 16,000 shares of MARA stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the transaction, the chief financial officer directly owned 377,066 shares of the company’s stock, valued at approximately $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $6.79, for a total transaction of $186,758.95. Following the completion of the transaction, the chief executive officer directly owned 4,149,585 shares in the company, valued at $28,175,682.15. This represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 134,396 shares of company stock valued at $1,311,490 over the last 90 days. Insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

A number of institutional investors have recently made changes to their positions in MARA. CI Investments Inc. increased its holdings in shares of MARA by 7.6% in the first quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 957 shares during the period. Greenleaf Trust raised its stake in shares of MARA by 9.9% in the second quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,076 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of MARA by 58.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,475 shares during the period. Sigma Planning Corp lifted its holdings in shares of MARA by 12.5% during the first quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock worth $109,000 after purchasing an additional 1,485 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of MARA by 14.9% during the second quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,598 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

More MARA News

Here are the key news stories impacting MARA this week:

  • Positive Sentiment: MARA sold 13,597 Bitcoin for about $1.1 billion and used $750 million to repay all its Bitcoin-backed loans, reducing debt and collateral risk. MARA sells Bitcoin and repays loans
  • Positive Sentiment: The company is positioning its power assets for AI demand: it operates about 1 GW and targets a portfolio exceeding 4 GW, with two lease signings expected before year-end. A reported $79 million GPU contract adds a near-term commercial opportunity. MARA AI power capacity plans
  • Neutral Sentiment: MARA authorized a $500 million share repurchase, potentially supporting the stock, though investors may weigh buybacks against the company’s significant Bitcoin sales and AI investment needs. MARA buyback authorization
  • Negative Sentiment: Third-quarter revenue of $164.2 million missed analyst expectations. Bitcoin mining revenue fell 34% year over year despite production rising 5% to 2,247 BTC, while purchased energy costs increased 12%. The reported earnings beat appears less reflective of core mining performance, as Bitcoin valuation effects affected results. Mining revenue and costs
  • Negative Sentiment: MARA says it may sell more Bitcoin to fund AI infrastructure, convertible notes, and buybacks. While this could finance diversification, continued sales reduce its Bitcoin holdings and exposure to potential price gains. MARA plans additional Bitcoin sales

MARA Company Profile

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MARA Holdings, Inc, formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards.

The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.

Marathon Patent Group, the company’s predecessor, was founded in 2010 and later shifted its focus to digital assets and Bitcoin mining.

Further Reading

Analyst Recommendations for MARA (NASDAQ:MARA)

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