MARA Holdings, Inc. (NASDAQ:MARA) Receives $23.30 Average Target Price from Analysts

MARA Holdings, Inc. (NASDAQ:MARA) has been given an average recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $22.80.

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Barclays decreased their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd.

MARA Stock Performance

Shares of MARA stock opened at $12.97 on Thursday. MARA has a one year low of $12.05 and a one year high of $30.28. 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 company has a 50 day moving average price of $16.45 and a 200 day moving average price of $18.21. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.42 and a beta of 5.95.

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

Insider Buying and Selling at MARA

In other 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 in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction 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 firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 in the last ninety days. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of 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 last quarter. Mutual of America Capital Management LLC lifted its position in MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Weiss Asset Management LP bought a new stake in MARA in the 3rd quarter valued at about $1,557,000. Intech Investment Management LLC bought a new stake in MARA in the 3rd quarter valued at about $1,107,000. Finally, Public Sector Pension Investment Board lifted its position in MARA by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after purchasing an additional 24,300 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.