MARA Holdings, Inc. (NASDAQ:MARA) Receives $22.80 Average Target Price from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.80.

A number of equities analysts recently commented on the company. Barclays cut their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,710 shares of company stock worth $1,209,825. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

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

MARA Price Performance

MARA stock opened at $12.51 on Monday. The company has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The company has a fifty day moving average price of $13.77 and a 200-day moving average price of $17.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA has a 52-week low of $9.81 and a 52-week high of $30.28.

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