Macquarie Forecasts Strong Price Appreciation for MARA (NASDAQ:MARA) Stock

MARA (NASDAQ:MARA) had its price target hoisted by equities researchers at Macquarie from $22.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Macquarie’s target price would suggest a potential upside of 46.02% from the stock’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. 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 stock. According to data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $22.57.

MARA Trading Up 9.7 %

MARA opened at $19.86 on Monday. The stock has a fifty day moving average price of $17.53 and a 200-day moving average price of $18.64. MARA has a 12 month low of $9.88 and a 12 month high of $34.09. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 25.14 and a beta of 5.52. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts anticipate that MARA will post -0.72 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’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 sale, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock worth $1,524,546 over the last quarter. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

Hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new position in MARA during the third quarter worth approximately $26,000. Beaird Harris Wealth Management LLC boosted its position in 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 in the last quarter. Larson Financial Group LLC boosted its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC boosted its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in MARA during the third quarter worth approximately $50,000. 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.