MARA (NASDAQ:MARA) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of MARA (NASDAQ:MARA) in a research note published on Wednesday,Benzinga reports.

A number of other brokerages have also recently commented on MARA. Macquarie assumed coverage on MARA in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus price target of $21.57.

MARA Price Performance

Shares of MARA stock traded down $0.06 during trading hours on Wednesday, reaching $21.64. The company’s stock had a trading volume of 5,984,519 shares, compared to its average volume of 53,946,715. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13. MARA has a fifty-two week low of $9.16 and a fifty-two week high of $34.09. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 27.47 and a beta of 5.52. The firm’s 50 day simple moving average is $17.09 and its 200-day simple moving average is $18.54.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock worth $1,524,546 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Hedge funds have recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in MARA during the 3rd quarter worth about $26,000. Beaird Harris Wealth Management LLC raised its holdings in MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares in the last quarter. Larson Financial Group LLC raised 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 acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC grew its holdings in 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 purchasing an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of MARA in the third quarter valued at approximately $50,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About MARA

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.