Analysts Set MARA Holdings, Inc. (NASDAQ:MARA) PT at $23.30

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.80.

Several equities research analysts recently commented on MARA shares. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. Barclays dropped their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th.

MARA Stock Performance

MARA stock opened at $13.18 on Thursday. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $18.23. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 16.68 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA has a 12 month low of $12.05 and a 12 month high of $30.28.

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

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,915 shares of company stock worth $2,265,643. 0.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new position in MARA during the 3rd quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in MARA during the 4th quarter valued at $27,000. Sterling Capital Management LLC raised its stake in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.