MARA Holdings (NASDAQ:MARA) Stock Has Consensus Target Price of $17.78 According to Brokerages

Shares of MARA Holdings (NASDAQ:MARA) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $17.78.

MARA has been the subject of a number of research reports. Morgan Stanley set a $10.00 target price on MARA and gave the stock an “underweight” rating in a report on Friday, October 9th. Piper Sandler restated an “overweight” rating and issued a $11.00 price target (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. JPMorgan Chase & Co. lowered shares of MARA from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $13.00 to $11.00 in a research report on Monday, September 14th. HC Wainwright initiated coverage on shares of MARA in a research report on Friday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Weiss Ratings cut shares of MARA from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total transaction of $186,758.95. Following the transaction, the chief executive officer directly owned 4,149,585 shares of the company’s stock, valued at approximately $28,175,682.15. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of MARA stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the completion of the sale, the general counsel owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. The trade was a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 134,396 shares of company stock worth $1,311,490 in the last quarter. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new stake in shares of MARA during the 1st quarter worth $28,000. Bogart Wealth LLC increased its position in shares of MARA by 4,345.1% in the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $33,000 after purchasing an additional 3,954 shares during the period. IFP Advisors Inc increased its position in shares of MARA by 1,154.9% in the second quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock worth $34,000 after purchasing an additional 2,229 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MARA in the third quarter worth $37,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in MARA by 58.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,475 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

MARA News Roundup

Here are the key news stories impacting MARA this week:

• Positive Sentiment: FERC approved MARA’s acquisition of Long Ridge Energy & Power, clearing a key regulatory condition for the deal, which is expected to close in the coming weeks. The plant adds 505 MW of generation capacity and acreage for a potential digital-infrastructure campus, supporting MARA’s AI and high-performance computing ambitions. FERC authorizes Long Ridge acquisition
• Neutral Sentiment: MARA transferred 1,650 BTC, valued in reports at about $132.8 million, to institutional platforms including Galaxy Digital and Copper. The move may relate to treasury or financing plans; the reports do not establish that the Bitcoin was sold. MARA transfers 1,650 BTC
• Negative Sentiment: The Long Ridge purchase is a major, approximately $1.51 billion commitment within a broader investment of more than $2 billion in power assets and data-center land. Reports say MARA plans to use debt and a Bitcoin-backed loan to help fund the buildout, raising questions about leverage and execution as it shifts beyond mining. MARA’s power-plant approval and financing plans
• Negative Sentiment: Recent reported results provide a weak backdrop: MARA missed earnings and revenue expectations, with revenue down year over year. Bitcoin-market sentiment may also be a headwind: a CoinShares report said hedge funds cut Bitcoin ETF exposure in Q2, although some larger investors increased exposure overall. Wall Street’s Bitcoin ETF exposure in Q2

MARA Trading Down 14.4%

Shares of NASDAQ:MARA opened at $5.88 on Tuesday. MARA has a 12-month low of $5.69 and a 12-month high of $17.06. The business has a 50 day moving average of $9.99 and a 200-day moving average of $10.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89.

MARA (NASDAQ:MARA) last announced its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($1.77). The firm had revenue of $174.88 million for the quarter, compared to the consensus estimate of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%. MARA’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. On average, equities analysts predict that MARA will post -1.65 earnings per share for the current year.

About MARA

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.