Rosenblatt Securities Begins Coverage on MARA (NASDAQ:MARA)

Stock analysts at Rosenblatt Securities assumed coverage on shares of MARA (NASDAQ:MARA - Get Free Report) in a research note issued on Friday, Marketbeat Ratings reports. The firm set a "buy" rating and a $19.00 price target on the business services provider's stock. Rosenblatt Securities' price target would suggest a potential upside of 18.60% from the company's previous close.

MARA has been the subject of a number of other research reports. Barclays reduced their price objective 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. B. Riley lifted 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. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.30.

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MARA Stock Performance

MARA stock traded up $0.93 during midday trading on Friday, reaching $16.02. The stock had a trading volume of 59,330,468 shares, compared to its average volume of 46,760,189. The firm has a fifty day simple moving average of $17.05 and a two-hundred day simple moving average of $18.40. The stock has a market cap of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95. MARA has a 52-week low of $12.05 and a 52-week high of $30.28. 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 (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 for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during 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%. As a group, equities research analysts anticipate that MARA will post -1.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,915 shares of company stock worth $2,289,443. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

Several institutional investors have recently bought and sold shares of the company. Spire Wealth Management boosted 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 buying an additional 599 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock worth $320,000 after purchasing an additional 635 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings 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 purchasing an additional 860 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of MARA by 5.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after purchasing an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of MARA by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock worth $244,000 after purchasing an additional 992 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.