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

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have received a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.67.

MARA has been the subject of a number of research analyst reports. Barclays started coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock.

MARA Stock Performance

NASDAQ MARA opened at $16.90 on Friday. The stock has a market cap of $5.74 billion, a PE ratio of 21.39 and a beta of 5.76. 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 has a twelve month low of $13.16 and a twelve month high of $34.09. The stock has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $18.61.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,915 shares of company stock worth $2,956,634 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several large investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in MARA by 9.0% during the fourth quarter. Comerica Bank now owns 112,648 shares of the business services provider’s stock worth $1,889,000 after buying an additional 9,345 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of MARA in the 4th quarter worth about $306,000. Northern Trust Corp raised its holdings in shares of MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after purchasing an additional 504,142 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of MARA by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 171,860 shares of the business services provider’s stock worth $2,882,000 after purchasing an additional 7,362 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of MARA in the 4th quarter worth about $236,000. 44.53% of the stock is currently 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.