MARA (NASDAQ:MARA) Earns Buy Rating from Analysts at Rosenblatt Securities

Rosenblatt Securities began coverage on shares of MARA (NASDAQ:MARA) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $19.00 price objective on the business services provider’s stock.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.30.

MARA Stock Performance

Shares of MARA stock opened at $16.02 on Friday. The stock has a market cap of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95. The business has a fifty day simple moving average of $17.05 and a 200-day simple moving average of $18.40. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 12 month low of $12.05 and a 12 month high of $30.28.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, sell-side analysts anticipate that MARA will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,915 shares of company stock worth $2,289,443. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after acquiring an additional 518,503 shares in the last quarter. American Century Companies Inc. raised its holdings in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Northern Trust Corp raised its holdings in MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after acquiring an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after acquiring an additional 372,094 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

About MARA

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.