MARA (NASDAQ:MARA) Receives "Buy" Rating from HC Wainwright

MARA (NASDAQ:MARA - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They presently have a $28.00 target price on the business services provider's stock. HC Wainwright's price target points to a potential upside of 97.67% from the stock's current price.

A number of other research firms also recently commented on MARA. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays lowered their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Piper Sandler reduced their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, MARA has an average rating of "Hold" and a consensus target price of $22.80.

MARA Stock Performance

Shares of NASDAQ MARA opened at $14.17 on Thursday. The company has a market cap of $4.90 billion, a P/E ratio of 17.93 and a beta of 6.10. MARA has a 52-week low of $9.81 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. The firm's fifty day moving average is $13.17 and its two-hundred day moving average is $17.50.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, analysts anticipate that MARA will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in MARA during the 4th quarter valued at $46,413,000. Vanguard Group Inc. raised its holdings in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in MARA by 192.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock worth $31,817,000 after acquiring an additional 1,248,292 shares during the period. American Century Companies Inc. grew its holdings in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in MARA during the 4th quarter valued at about $13,416,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

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.

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