MARA (NASDAQ:MARA) Earns “Buy” Rating from HC Wainwright

MARA (NASDAQ:MARA)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $28.00 price target on the business services provider’s stock. HC Wainwright’s price target would indicate a potential upside of 11.42% from the stock’s current price.

A number of other brokerages also recently weighed in on MARA. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.33.

MARA Price Performance

MARA stock opened at $25.13 on Wednesday. The firm has a 50-day moving average of $19.48 and a 200 day moving average of $19.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $8.09 billion, a P/E ratio of 31.81 and a beta of 5.63. MARA has a 1 year low of $13.16 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS. On average, sell-side analysts forecast that MARA will post -1.02 EPS for the current year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,622 shares of company stock valued at $2,906,197 over the last three months. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter valued at $26,000. Larson Financial Group LLC grew its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC increased its position in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA in the third quarter worth about $50,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of MARA during the 1st quarter valued at about $105,000. 44.53% of the stock is currently owned by institutional investors.

MARA Company Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.