MARA Holdings, Inc. (NASDAQ:MARA) Receives Average Rating of “Hold” from Brokerages

MARA Holdings, Inc. (NASDAQ:MARA) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.80.

A number of equities analysts recently weighed in on MARA shares. JPMorgan Chase & Co. decreased their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. B. Riley lifted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Barclays lowered their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price for the company.

MARA Stock Performance

MARA stock opened at $11.30 on Monday. The stock’s 50 day simple moving average is $14.71 and its 200 day simple moving average is $17.93. MARA has a 12-month low of $9.81 and a 12-month high of $30.28. The firm has a market cap of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. As a group, equities research analysts predict that MARA will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,710 shares of company stock valued at $1,226,825. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

A number of large investors have recently made changes to their positions in MARA. Milestone Asset Management Group LLC bought a new stake in MARA during the 4th quarter valued at $429,000. Wellington Management Group LLP raised its holdings in shares of MARA by 1,726.2% in the fourth quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock valued at $12,015,000 after acquiring an additional 677,199 shares in the last quarter. California State Teachers Retirement System lifted its stake in MARA by 2.9% in the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after acquiring an additional 7,864 shares during the period. Park Square Financial Group LLC bought a new position in MARA during the 4th quarter worth about $27,000. Finally, United Advisor Group LLC increased its position in MARA by 64.5% during the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock valued at $855,000 after purchasing an additional 20,007 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.