B. Riley Issues Positive Forecast for MARA (NASDAQ:MARA) Stock Price

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 brokerage presently has a “neutral” rating on the business services provider’s stock. B. Riley’s price objective points to a potential upside of 15.23% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Piper Sandler assumed coverage on MARA in a research note on Tuesday. They set an “overweight” rating and a $34.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One equities 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.com, the company presently has an average rating of “Hold” and a consensus price target of $25.80.

MARA Price Performance

MARA stock opened at $19.96 on Thursday. The stock’s 50 day moving average is $21.40 and its two-hundred day moving average is $19.35. MARA has a 52-week low of $13.16 and a 52-week high of $34.09. The company has a market capitalization 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 (NASDAQ:MARA) last released 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). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. Analysts predict that MARA will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated 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 owns 2,077,232 shares in the company, valued at approximately $36,351,560. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock valued at $3,258,686 over the last three months. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in MARA in the third quarter worth about $26,000. Larson Financial Group LLC grew its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the last quarter. Signaturefd LLC increased its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MARA during the 3rd quarter worth $50,000. Finally, Tobam grew its holdings in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by 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.