MARA's (MARA) "Hold" Rating Reiterated at Needham & Company LLC

MARA (NASDAQ:MARA - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports.

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price target on the stock. HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of MARA in a research report on Wednesday. Macquarie initiated coverage on shares of MARA in a report on Tuesday, September 24th. They set an "outperform" rating and a $22.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of MARA from $14.00 to $12.00 and set an "underweight" rating for the company in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and a consensus price target of $21.57.

MARA Stock Performance

NASDAQ:MARA traded down $3.53 during trading hours on Wednesday, hitting $21.70. 92,795,594 shares of the company traded hands, compared to its average volume of 54,155,250. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 30.23 and a beta of 5.52. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $16.95 and a 200 day moving average of $18.52. MARA has a twelve month low of $8.88 and a twelve month high of $34.09.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the transaction, the chief financial officer now owns 2,077,232 shares of the company's stock, valued at $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,417 shares of company stock valued at $1,500,486 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC grew its holdings in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after purchasing an additional 695 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock worth $230,000 after buying an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. raised its holdings in MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock valued at $269,000 after acquiring an additional 780 shares during the period. Ameritas Investment Partners Inc. raised its holdings in MARA by 4.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider's stock valued at $505,000 after acquiring an additional 881 shares during the period. Finally, Larson Financial Group LLC grew its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.