Brokerages Set MARA Holdings, Inc. (NASDAQ:MARA) Price Target at $25.80

MARA Holdings, Inc. (NASDAQ:MARA) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $25.80.

A number of equities analysts recently issued reports on MARA shares. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays assumed coverage on shares of 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 started coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th.

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 Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,615 shares of company stock valued at $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in 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 acquiring an additional 1,327,969 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MARA by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,773 shares of the business services provider’s stock valued at $968,000 after purchasing an additional 3,132 shares during the period. Principal Financial Group Inc. lifted its stake in shares of MARA by 4,394.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after buying an additional 1,324,625 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of MARA during the 2nd quarter valued at approximately $352,000. Finally, Maryland State Retirement & Pension System purchased a new position in MARA in the 2nd quarter valued at approximately $1,889,000. 44.53% of the stock is currently owned by institutional investors.

MARA Price Performance

Shares of MARA opened at $16.77 on Friday. The firm has a market cap of $5.40 billion, a PE ratio of 21.23 and a beta of 5.63. MARA has a 52-week low of $13.16 and a 52-week high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business’s 50 day moving average price is $21.47 and its two-hundred day moving average price is $19.26.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities analysts anticipate that MARA will post -1.02 EPS for the current year.

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.