MARA (NASDAQ:MARA) Now Covered by Analysts at Compass Point

Compass Point began coverage on shares of MARA (NASDAQ:MARA – Free Report) in a research report released on Tuesday morning,Zacks reports. The firm issued a strong-buy rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. Weiss Ratings raised shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. JPMorgan Chase & Co. cut shares of MARA from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $13.00 to $11.00 in a report on Monday, September 14th. Morgan Stanley set a $10.00 target price on shares of MARA and gave the company an “underweight” rating in a research note on Friday, October 9th. HC Wainwright started coverage on MARA in a report on Friday, September 11th. They set a “buy” rating and a $20.00 price target for the company. Finally, Rosenblatt Securities lowered their price target on MARA from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average price target of $16.22.

Read Our Latest Stock Analysis on MARA

MARA Trading Up 10.5%

NASDAQ MARA opened at $7.34 on Tuesday. MARA has a 12 month low of $5.69 and a 12 month high of $16.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $9.73 and a 200-day moving average of $10.65. The company has a market cap of $2.84 billion, a PE ratio of -0.90 and a beta of 5.23.

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 for the quarter, topping analysts’ consensus estimates of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.38%. The business had revenue of $164.23 million for the quarter, compared to the consensus estimate of $183.24 million. On average, equities research analysts anticipate that MARA will post -2.38 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Khan sold 16,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred 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 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 a total of 134,396 shares of company stock worth $1,311,490 over the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Large investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in MARA by 1,154.9% in the second quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 2,229 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in MARA during the third quarter worth about $37,000. Ascentis Independent Advisors acquired a new stake in MARA during the first quarter worth about $28,000. CoreCap Advisors LLC increased its holdings in MARA by 128.0% in the 2nd quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock valued at $51,000 after buying an additional 2,050 shares during the period. Finally, Activest Wealth Management increased its holdings in MARA by 300.0% in the 3rd quarter. Activest Wealth Management now owns 4,000 shares of the business services provider’s stock valued at $45,000 after buying an additional 3,000 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

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MARA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for MARA (NASDAQ:MARA)

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