MARA Holdings, Inc. (NASDAQ:MARA) Receives $22.80 Consensus PT from Brokerages

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

A number of brokerages have weighed in on MARA. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Barclays reduced their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MARA. Cerity Partners LLC raised its position in MARA by 97.4% in the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after purchasing an additional 13,232 shares during the period. Captrust Financial Advisors bought a new stake in shares of MARA in the 3rd quarter valued at about $219,000. HighTower Advisors LLC boosted its holdings in MARA by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 134,713 shares of the business services provider’s stock valued at $2,176,000 after acquiring an additional 11,360 shares during the period. Weiss Asset Management LP bought a new position in MARA during the 3rd quarter worth approximately $1,557,000. Finally, Wellington Management Group LLP increased its stake in MARA by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 39,231 shares of the business services provider’s stock worth $636,000 after purchasing an additional 4,334 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Trading Up 17.0 %

Shares of MARA stock opened at $12.31 on Monday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.26 billion, a P/E ratio of 15.58 and a beta of 6.10. The company has a 50 day moving average of $14.00 and a 200-day moving average of $17.75. MARA has a 12-month low of $9.81 and a 12-month high of $30.28.

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

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.