MARA Holdings, Inc. (NASDAQ:MARA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.80.

Several equities analysts recently weighed in on MARA shares. Piper Sandler cut their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Barclays cut their price objective 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. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th.

Insider Buying and Selling at MARA

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

Institutional Investors Weigh In On MARA

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after purchasing an additional 518,503 shares during the last quarter. American Century Companies Inc. lifted its position in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after buying an additional 1,240,354 shares in the last quarter. Northern Trust Corp boosted its stake in MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after buying an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after acquiring an additional 372,094 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Trading Up 5.1 %

NASDAQ MARA opened at $14.05 on Friday. MARA has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a fifty day simple moving average of $12.99 and a two-hundred day simple moving average of $17.42. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.86 billion, a P/E ratio of 17.78 and a beta of 6.10.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, analysts forecast that MARA will post -1.04 earnings per share for the current year.

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.