Weekly Analysts’ Ratings Updates for MARA (MARA)

MARA (NASDAQ: MARA) recently received a number of ratings updates from brokerages and research firms:

• 11/21/2024 – MARA was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $25.00 price target on the stock, up previously from $21.00.
• 11/18/2024 – MARA had its price target raised by analysts at Macquarie from $22.00 to $29.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – MARA had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/13/2024 – MARA had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $28.00 price target on the stock.
• 10/10/2024 – MARA is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $21.00 price target on the stock.
• 10/10/2024 – MARA had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $27.00 price target on the stock.
• 9/24/2024 – MARA is now covered by analysts at Macquarie. They set an “outperform” rating and a $22.00 price target on the stock.

MARA Price Performance

Shares of MARA stock opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market capitalization of $7.72 billion, a PE ratio of 30.35 and a beta of 5.52. The firm’s 50-day moving average is $17.66 and its two-hundred day moving average is $18.67. MARA Holdings, Inc. has a 12 month low of $9.88 and a 12 month 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 (EPS) 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 analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. Analysts predict that MARA Holdings, Inc. will post -0.72 earnings per share for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,622 shares of company stock valued at $2,399,805. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in MARA during the 3rd quarter worth $26,000. Beaird Harris Wealth Management LLC raised its position 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 period. Larson Financial Group LLC raised 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 acquiring an additional 1,062 shares during the period. Signaturefd LLC lifted its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in MARA in the 3rd quarter valued at approximately $50,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.