Analysts Set MARA Holdings, Inc. (NASDAQ:MARA) Price Target at $22.80

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $22.80.

MARA has been the topic of several recent analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. Barclays decreased 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. Finally, Piper Sandler lowered their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value 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 trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 directly owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 over the last quarter. Company insiders own 0.80% of the company's stock.

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Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Capital Management LLC purchased a new position in MARA in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of MARA in the fourth quarter valued at $27,000. Sterling Capital Management LLC lifted its position in shares of 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 buying an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring an additional 860 shares during the period. Finally, Spire Wealth Management increased its holdings in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

MARA Stock Down 4.6 %

Shares of MARA traded down $0.57 during trading hours on Monday, reaching $11.74. The company's stock had a trading volume of 33,672,101 shares, compared to its average volume of 45,493,047. MARA has a 1-year low of $9.81 and a 1-year high of $30.28. 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 $4.06 billion, a price-to-earnings ratio of 14.86 and a beta of 6.10. The company has a 50 day moving average of $13.87 and a two-hundred day moving average of $17.71.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. As a group, research analysts predict that MARA will post -1.04 EPS for the current fiscal year.

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.