MARA’s (MARA) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of MARA (NASDAQ:MARA) in a research report sent to investors on Wednesday,Benzinga reports.

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

MARA Stock Down 0.3 %

Shares of NASDAQ MARA traded down $0.06 during trading on Wednesday, reaching $21.64. 5,984,519 shares of the stock were exchanged, compared to its average volume of 53,946,715. MARA has a twelve month low of $9.16 and a twelve month 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 company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $17.09 and its 200 day moving average price is $18.54.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 transaction 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. 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 is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,417 shares of company stock worth $1,524,546. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in MARA during the third quarter worth $26,000. Beaird Harris Wealth Management LLC grew its position in shares of MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 695 shares during the period. Larson Financial Group LLC increased its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC raised its holdings in shares of MARA by 74.8% in the 3rd 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 period. Finally, Capital Performance Advisors LLP acquired a new stake in MARA in the 3rd quarter valued at about $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.