MARA’s (MARA) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of MARA (NASDAQ:MARA) in a report published on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $11.00 price target on the business services provider’s stock, down from their prior price target of $13.00.

A number of other equities research analysts have also commented on the company. Piper Sandler dropped their price target on MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Citizens Jmp assumed coverage on MARA in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of MARA in a research note on Friday, August 7th. HC Wainwright started coverage on shares of MARA in a report on Friday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. Finally, BTIG Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of MARA in a research note on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.70.

MARA Price Performance

Shares of MARA stock opened at $11.04 on Monday. MARA has a 12-month low of $6.66 and a 12-month high of $23.45. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -1.21 and a beta of 5.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $11.18 and a 200-day moving average of $11.43.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.17 by ($1.77). MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The business had revenue of $174.88 million for the quarter, compared to analyst estimates of $209.44 million. During the same period in the previous year, the business posted $1.84 EPS. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, equities research analysts forecast that MARA will post -1.31 earnings per share for the current year.

Insider Transactions at MARA

In related news, General Counsel Zabi Nowaid sold 8,376 shares of the 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 completion of the transaction, the general counsel directly owned 898,780 shares in the company, valued at approximately $10,785,360. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a 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, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $253,321.05. Following the completion of the sale, the chief executive officer directly owned 4,335,697 shares in the company, valued at approximately $39,931,769.37. This represents a 0.63% 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. Over the last quarter, insiders sold 58,881 shares of company stock worth $613,193. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of large investors have recently bought and sold shares of the company. CI Investments Inc. increased its holdings in MARA by 7.6% in the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 957 shares during the period. Greenleaf Trust raised its position in shares of MARA by 9.9% in the 2nd quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,076 shares in the last quarter. Evexia Wealth LLC lifted its holdings in shares of MARA by 9.2% during the 1st quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock worth $106,000 after acquiring an additional 1,090 shares during the period. Sigma Planning Corp lifted its holdings in shares of MARA by 12.5% during the 1st quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock worth $109,000 after acquiring an additional 1,485 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of MARA by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock worth $171,000 after acquiring an additional 1,598 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Key MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Major Bitcoin purchase increases digital-asset exposure. MARA reportedly acquired 1,292 Bitcoin for approximately $100 million through FalconX, bringing its Bitcoin treasury to 35,577 BTC valued at roughly $2.7 billion. The purchase could benefit shareholders if Bitcoin appreciates and signals management’s confidence in the asset. MARA Returns to Bitcoin Buying With 1,292 BTC Deal
• Positive Sentiment: Bullish analyst coverage remains a counterweight. H.C. Wainwright maintained a Buy rating and $20 price target, well above the recent trading level, although its forecasts still call for losses in 2026 and 2027. MARA Holdings analyst estimates
• Neutral Sentiment: The Bitcoin strategy carries both upside and balance-sheet risk. Holding more Bitcoin may create substantial gains in a crypto rally, but it also increases MARA’s exposure to Bitcoin volatility and financing risk. The company remains unprofitable, and its latest reported quarter missed revenue and earnings expectations.
• Negative Sentiment: JPMorgan downgraded MARA to Underweight and reduced its price target to $11. The downgrade adds pressure to the stock and reflects concerns about valuation, operating performance, and the outlook for cryptocurrency-related equities. JPMorgan downgrades MARA to Underweight
• Negative Sentiment: Crypto stocks weakened after the Senate failed to advance the CLARITY Act. The setback leaves digital-asset market-structure rules uncertain, reducing a potential regulatory catalyst for MARA and contributing to broad weakness across crypto-linked stocks. Clarity Act Vote Fails

About MARA

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.