MARA Holdings, Inc. (NASDAQ:MARA) Receives $22.80 Consensus Target Price from Brokerages

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.50.

Several research firms recently commented on MARA. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Compass Point reaffirmed a “sell” rating and set a $9.50 target price (down from $25.00) on shares of MARA in a report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, April 24th.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC acquired a new position in MARA in the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new position in MARA during the 4th quarter worth $27,000. Sterling Capital Management LLC lifted its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the period. Institutional investors own 44.53% of the company’s stock.

MARA Stock Up 7.2 %

Shares of MARA opened at $14.29 on Friday. The firm has a market cap of $5.03 billion, a P/E ratio of 18.09 and a beta of 6.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA has a 52 week low of $9.81 and a 52 week high of $30.28. The firm’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $17.27.

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, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. On average, analysts forecast that MARA will post -1.04 earnings per share for the current year.

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.