MARA Holdings, Inc. (NASDAQ:MARA) Given Consensus Recommendation of “Hold” by Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.33.

A number of equities research analysts have recently weighed in on the company. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of 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 SEC, which is available through this link. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,822 shares of company stock valued at $2,702,877. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

Hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in shares of MARA during the third quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of MARA during the third quarter valued at $50,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of MARA during the first quarter valued at $105,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Stock Performance

Shares of MARA opened at $25.63 on Tuesday. The business’s 50 day moving average is $19.31 and its two-hundred day moving average is $19.05. MARA has a 52-week low of $13.16 and a 52-week high of $34.09. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 32.44 and a beta of 5.52. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the firm posted ($0.05) earnings per share. MARA’s revenue was up 34.4% compared to the same quarter last year. Analysts forecast that MARA will post -1.02 EPS for the current fiscal year.

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.