MARA (NASDAQ:MARA) Earns Buy Rating from Analysts at Rosenblatt Securities

Rosenblatt Securities began coverage on shares of MARA (NASDAQ:MARA) in a research note issued to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $19.00 price target on the business services provider’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Finally, B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.30.

MARA Trading Up 6.2 %

NASDAQ:MARA opened at $16.02 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $17.05 and its two-hundred day moving average is $18.40. MARA has a 52 week low of $12.05 and a 52 week high of $30.28. The company has a market cap of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95.

MARA (NASDAQ:MARA) last released 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%. On average, analysts predict that MARA will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,915 shares of company stock valued at $2,289,443 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Several hedge funds have recently modified their holdings of MARA. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter worth $27,000. United Advisor Group LLC grew its holdings in shares of MARA by 64.5% in the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock worth $855,000 after acquiring an additional 20,007 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of MARA in the 4th quarter worth $13,416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MARA by 33.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider’s stock worth $9,717,000 after acquiring an additional 145,953 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.