MARA (NASDAQ:MARA) Price Target Cut to $11.00 by Analysts at Rosenblatt Securities

MARA (NASDAQ:MARA) had its price target lowered by equities researchers at Rosenblatt Securities from $15.00 to $11.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities‘s target price would suggest a potential upside of 65.66% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley set a $10.00 target price on shares of MARA and gave the company an “underweight” rating in a research report on Friday, October 9th. Weiss Ratings lowered shares of MARA from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. Cantor Fitzgerald dropped their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. downgraded shares of MARA from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $13.00 to $11.00 in a report on Monday, September 14th. Finally, HC Wainwright assumed coverage on shares of MARA in a research note on Friday, September 11th. They issued a “buy” rating and a $20.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.33.

MARA Stock Up 4.6%

Shares of MARA opened at $6.64 on Tuesday. The stock has a 50 day moving average price of $9.80 and a 200 day moving average price of $10.66. MARA has a one year low of $5.69 and a one year high of $16.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Monday, November 9th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $1.67. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%. The company had revenue of $164.23 million for the quarter, compared to analyst estimates of $183.24 million. As a group, analysts forecast that MARA will post -2.38 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CFO Salman Khan sold 16,000 shares of MARA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $9.21, for a total transaction of $147,360.00. Following the transaction, the chief financial officer owned 377,066 shares in the company, valued at $3,472,777.86. The trade was a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the transaction, the general counsel directly owned 898,780 shares in the company, valued at approximately $10,785,360. The trade was a 0.92% decrease in their position. 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 in the last three months. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors have recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new stake in shares of MARA in the 3rd quarter valued at approximately $4,679,000. Western Wealth Management LLC raised its position in shares of MARA by 7.2% during the 3rd quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider’s stock valued at $322,000 after buying an additional 1,894 shares during the period. Ground Swell Capital LLC acquired a new position in MARA in the third quarter valued at approximately $162,000. Diversified Trust Co acquired a new position in MARA in the third quarter valued at approximately $463,000. Finally, Maryland State Retirement & Pension System lifted its holdings in MARA by 55.9% in the third quarter. Maryland State Retirement & Pension System now owns 86,449 shares of the business services provider’s stock valued at $979,000 after acquiring an additional 30,995 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Key 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

About MARA

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.