MARA Holdings, Inc. (NASDAQ:MARA) Receives $25.80 Average Target Price from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.80.

Several research analysts recently issued reports on MARA shares. Cantor Fitzgerald began coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,615 shares of company stock worth $3,258,686. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MARA by 6.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,773 shares of the business services provider’s stock worth $968,000 after buying an additional 3,132 shares in the last quarter. Principal Financial Group Inc. raised its position in MARA by 4,394.8% in 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 during the last quarter. Crossmark Global Holdings Inc. bought a new position in MARA during the 2nd quarter valued at $352,000. Finally, Maryland State Retirement & Pension System purchased a new position in MARA during the 2nd quarter worth $1,889,000. 44.53% of the stock is owned by institutional investors.

MARA Stock Performance

NASDAQ:MARA opened at $19.64 on Friday. The stock’s 50-day moving average is $21.50 and its 200-day moving average is $19.24. MARA has a 1-year low of $13.16 and a 1-year high of $34.09. 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 $6.32 billion, a P/E ratio of 24.86 and a beta of 5.63.

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