MARA (NASDAQ:MARA) Stock Price Expected to Rise, B. Riley Analyst Says

MARA (NASDAQ:MARA) had its price target hoisted by research analysts at B. Riley from $21.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. B. Riley’s target price would indicate a potential upside of 15.23% from the company’s current price.

MARA has been the topic of a number of other reports. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Barclays began coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Down 2.0 %

Shares of NASDAQ MARA opened at $19.96 on Thursday. The business has a 50-day moving average price of $21.40 and a 200 day moving average price of $19.35. The stock has a market cap of $6.42 billion, a PE ratio of 25.27 and a beta of 5.63. 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 has a 52-week low of $13.16 and a 52-week high of $34.09.

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

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of MARA. Assenagon Asset Management S.A. purchased a new position in shares of MARA in the 2nd quarter worth $1,890,000. Nisa Investment Advisors LLC raised its holdings in shares of MARA by 56.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 57,931 shares of the business services provider’s stock valued at $1,150,000 after buying an additional 20,861 shares during the period. Louisiana State Employees Retirement System acquired a new position in MARA during the 2nd quarter worth approximately $2,725,000. Bank of New York Mellon Corp boosted its holdings in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after acquiring an additional 1,327,969 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new stake in MARA in the second quarter valued at approximately $198,000. 44.53% of the stock is owned by hedge funds and other 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.