MARA (NASDAQ:MARA) Given "Buy" Rating at HC Wainwright

MARA (NASDAQ:MARA - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a report issued on Thursday,Benzinga reports. They presently have a $28.00 target price on the business services provider's stock. HC Wainwright's target price indicates a potential upside of 101.15% from the stock's previous close.

Several other equities research analysts have also recently commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Compass Point cut 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 report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and a consensus price target of $25.67.

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MARA Trading Up 6.0 %

Shares of NASDAQ:MARA traded up $0.79 during trading on Thursday, reaching $13.92. The stock had a trading volume of 63,279,563 shares, compared to its average volume of 37,039,633. MARA has a 52 week low of $12.05 and a 52 week high of $30.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm's fifty day moving average is $17.52 and its 200 day moving average is $18.44. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.62 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $187.11 million. As a group, equities analysts forecast that MARA will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Thursday, January 16th. The shares were 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 in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 of the company's stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,215 shares of company stock valued at $2,033,766. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock valued at $3,308,000 after purchasing an additional 107,963 shares during the period. Weiss Asset Management LP purchased a new stake in shares of MARA during the 3rd quarter valued at $1,557,000. Intech Investment Management LLC purchased a new stake in shares of MARA during the 3rd quarter valued at $1,107,000. Finally, Public Sector Pension Investment Board increased its position in shares of MARA by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider's stock valued at $10,135,000 after purchasing an additional 24,300 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.