MARA Holdings, Inc. (NASDAQ:MARA) Given Consensus Rating of “Hold” by Analysts

MARA Holdings, Inc. (NASDAQ:MARA) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.57.

Several equities research analysts recently commented on MARA shares. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday. Finally, Macquarie assumed coverage on shares of MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price for the company.

MARA Stock Performance

Shares of MARA opened at $20.79 on Friday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 26.32 and a beta of 5.52. The business’s fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $18.56. MARA has a 12 month low of $9.16 and a 12 month high of $34.09. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 approximately $33,022,547.90. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,524,546 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth $26,000. Beaird Harris Wealth Management LLC boosted its holdings in MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the period. Larson Financial Group LLC increased its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. Signaturefd LLC raised its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of MARA in the third quarter valued at about $50,000. Hedge funds and other institutional investors 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.