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

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have received an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.80.

Several equities research analysts have recently issued reports on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Barclays began coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th.

MARA Stock Performance

MARA stock opened at $19.64 on Friday. The business has a 50 day moving average of $21.50 and a 200-day moving average of $19.24. The firm has a market cap of $6.32 billion, a PE ratio of 24.86 and a beta of 5.63. MARA has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts expect that MARA will post -1.02 earnings per share for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’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 sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’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 $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock valued at $3,258,686 in the last three months. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Advocates Investment Management increased its stake in MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after buying an additional 1,170 shares in the last quarter. Finally, Signaturefd LLC lifted its position in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the last quarter. 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.