Brokerages Set MARA Holdings, Inc. (NASDAQ:MARA) PT at $23.30

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.80.

A number of analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Barclays dropped their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler dropped their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd.

MARA Stock Up 8.4 %

Shares of MARA stock opened at $13.18 on Thursday. The business’s fifty day moving average price is $16.60 and its two-hundred day moving average price is $18.23. 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 $4.56 billion, a P/E ratio of 16.68 and a beta of 5.95. MARA has a 1-year low of $12.05 and a 1-year high of $30.28.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. As a group, research analysts forecast that MARA will post -1.04 EPS for the current year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,915 shares of company stock worth $2,265,643. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of MARA during the 3rd quarter worth about $1,557,000. Intech Investment Management LLC bought a new stake in shares of MARA during the 3rd quarter worth about $1,107,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of MARA by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after acquiring an additional 24,300 shares in the last quarter. Hedge funds and other institutional investors 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.