MARA Holdings, Inc. (NASDAQ:MARA) Receives $25.67 Consensus Price Target from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have received an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $25.67.

MARA has been the subject of several analyst reports. Piper Sandler initiated coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company.

MARA Price Performance

Shares of MARA stock opened at $19.99 on Wednesday. The business’s fifty day moving average price is $21.33 and its 200 day moving average price is $19.10. The stock has a market capitalization of $6.78 billion, a P/E ratio of 25.30 and a beta of 5.76. MARA has a twelve month low of $13.16 and a twelve month high of $34.09. 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 posted 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, research analysts anticipate that MARA will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $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 have sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares in the last quarter. Everence Capital Management Inc. bought a new stake in MARA in the third quarter worth approximately $640,000. Finally, Weiss Asset Management LP bought a new position in shares of MARA during the 3rd quarter worth about $1,557,000. 44.53% of the stock is 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.