MARA Holdings, Inc. (NASDAQ:MARA) Receives $25.80 Average Price Target from Brokerages

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $25.80.

MARA has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Barclays initiated coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th.

MARA Stock Down 3.0 %

MARA stock opened at $16.77 on Friday. MARA has a twelve month low of $13.16 and a twelve month high of $34.09. The firm has a market capitalization of $5.40 billion, a PE ratio of 21.23 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. The stock has a 50-day simple moving average of $21.47 and a two-hundred day simple moving average of $19.26.

MARA (NASDAQ:MARA) last posted its 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the company posted ($0.05) EPS. The business’s revenue was up 34.4% on a year-over-year basis. On average, equities analysts predict that MARA will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,615 shares of company stock valued at $3,258,686. Insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently modified their holdings of MARA. Geode Capital Management LLC boosted its holdings in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP raised its position in MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in MARA by 8.9% in 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 buying an additional 217,106 shares during the period. Bank of New York Mellon Corp grew its position in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. 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.