MARA’s (MARA) Neutral Rating Reiterated at Guggenheim

Guggenheim reissued their neutral rating on shares of MARA (NASDAQ:MARA) in a research note released on Tuesday,Benzinga reports.

Other equities analysts have also issued reports about the company. HC Wainwright initiated coverage on MARA in a research report on Friday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley set a $10.00 price target on MARA and gave the stock an “underweight” rating in a report on Friday, October 9th. Weiss Ratings downgraded shares of MARA from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $11.00 price objective (down from $13.00) on shares of MARA in a research report on Tuesday, October 20th. Finally, Rosenblatt Securities dropped their price objective on shares of MARA from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

MARA Stock Performance

NASDAQ:MARA opened at $7.20 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.89 and a current ratio of 2.31. The firm’s fifty day simple moving average is $9.61 and its 200 day simple moving average is $10.62. MARA has a twelve month low of $5.69 and a twelve month high of $16.43.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Monday, November 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $1.67. MARA had a negative return on equity of 37.75% and a negative net margin of 411.23%. The firm had revenue of $164.23 million during the quarter, compared to the consensus estimate of $183.24 million. As a group, research analysts expect that MARA will post -0.93 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, General Counsel Zabi Nowaid sold 8,376 shares of MARA stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel directly owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the completion of the transaction, the chief financial officer owned 377,066 shares in the company, valued at approximately $3,472,777.86. This trade represents a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 134,396 shares of company stock valued at $1,311,490 in the last ninety days. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new stake in shares of MARA during the first quarter worth approximately $28,000. IFP Advisors Inc increased its stake in shares of MARA by 1,154.9% in the second quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock worth $34,000 after buying an additional 2,229 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in MARA in the third quarter valued at $37,000. MassMutual Private Wealth & Trust FSB raised its holdings in MARA by 58.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in MARA by 300.0% in the third quarter. Activest Wealth Management now owns 4,000 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Key MARA News

Here’s some of the latest news about MARA:

• Positive Sentiment: MARA reported $632.1 million in Q3 net income, largely from digital-asset gains, and said it reduced debt by 37%. The company sold about $1.1 billion of bitcoin, repaid bitcoin-backed loans and authorized a $500 million share repurchase, a move that could support shares and reduce balance-sheet risk. MARA Q3 earnings call highlights
• Neutral Sentiment: Recent buying has been linked to the buyback, while MARA’s potential AI/HPC leasing business remains a longer-term catalyst. However, reported commentary suggests some leases could be delayed into next year, making the timing of that revenue uncertain. Buyback and AI lease timing
• Negative Sentiment: Q3 revenue fell 35% year over year, and MARA missed Needham’s revenue and EBITDA forecasts. JPMorgan cut its price target to $9 and assigned an Underweight rating; other analysts have also trimmed estimates, underscoring concerns about core mining performance. Needham cuts estimates

MARA Company Profile

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.