MARA Holdings, Inc. (NASDAQ:MARA) Receives Consensus Rating of "Hold" from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Six research 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 $23.30.

A number of research analysts have weighed in on MARA shares. HC Wainwright reissued a "buy" rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays decreased their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, Compass Point cut MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company's stock, valued at $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,915 shares of company stock worth $2,265,643 in the last 90 days. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

A number of large investors have recently bought and sold shares of MARA. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after buying an additional 107,963 shares in the last quarter. Weiss Asset Management LP bought a new stake in MARA during the 3rd quarter worth about $1,557,000. Intech Investment Management LLC acquired a new stake in MARA in the 3rd quarter valued at about $1,107,000. Finally, Public Sector Pension Investment Board raised its stake in shares of MARA by 4.0% in the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider's stock worth $10,135,000 after acquiring an additional 24,300 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Performance

MARA opened at $13.11 on Thursday. The stock has a 50-day moving average of $16.90 and a 200-day moving average of $18.34. 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 $12.05 and a 52-week high of $30.28. The company has a market cap of $4.53 billion, a PE ratio of 16.59 and a beta of 5.95.

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MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating 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 company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. As a group, equities research analysts forecast that MARA will post -1.04 earnings per share for the current fiscal 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.

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