MARA (NASDAQ:MARA) Given Hold Rating at Needham & Company LLC

MARA (NASDAQ:MARA)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports.

A number of other research analysts also recently commented on MARA. Piper Sandler began coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Finally, B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MARA has an average rating of “Hold” and an average price target of $25.67.

MARA Trading Up 0.3 %

NASDAQ:MARA opened at $12.45 on Thursday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 15.76 and a beta of 5.76. MARA has a one year low of $12.05 and a one year 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 simple moving average is $17.78 and its 200 day simple moving average is $18.46.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, sell-side analysts predict that MARA will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,015 shares of company stock worth $2,237,086 in the last three months. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in MARA during the 4th quarter valued at $46,413,000. Vanguard Group Inc. increased its holdings in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of MARA by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after purchasing an additional 1,248,292 shares in the last quarter. American Century Companies Inc. lifted its holdings in MARA by 44.3% in 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 purchasing an additional 1,240,354 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in MARA in the 4th quarter valued at about $13,416,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.