Analysts Set MARA Holdings, Inc. (NASDAQ:MARA) Target Price at $23.33

MARA Holdings, Inc. (NASDAQ:MARA) has received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.33.

MARA has been the subject of a number of recent research reports. Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday. Finally, Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company.

MARA Stock Down 4.5 %

MARA opened at $24.79 on Tuesday. MARA has a one year low of $13.16 and a one year high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business’s fifty day moving average is $19.83 and its two-hundred day moving average is $19.17. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 31.38 and a beta of 5.63.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company 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 period in the previous year, the company posted ($0.05) EPS. Analysts anticipate that MARA will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 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 transaction of $481,337.50. Following the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,622 shares of company stock valued at $2,906,197. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several institutional investors have recently bought and sold shares of MARA. Franklin Resources Inc. lifted its holdings in shares of MARA by 62.5% in the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock valued at $537,000 after buying an additional 12,157 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of MARA by 4.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 3,200 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. M&T Bank Corp lifted its stake in MARA by 14.1% in the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of MARA during the third quarter worth approximately $1,072,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.