MARA (NASDAQ:MARA) Earns Overweight Rating from Analysts at Piper Sandler

Investment analysts at Piper Sandler started coverage on shares of MARA (NASDAQ:MARA) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $34.00 price target on the business services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 57.33% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.50.

MARA Price Performance

Shares of NASDAQ:MARA opened at $21.61 on Tuesday. The firm’s 50 day moving average is $21.09 and its two-hundred day moving average is $19.32. The firm has a market capitalization of $6.95 billion, a P/E ratio of 27.35 and a beta of 5.63. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a 52 week low of $13.16 and a 52 week high of $34.09.

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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue was up 34.4% compared to the same quarter last year. Analysts anticipate that MARA will post -1.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,512 shares of MARA 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 transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 181,127 shares of company stock worth $3,690,624 in the last three months. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

Several large investors have recently added to or reduced their stakes in MARA. Financial Advocates Investment Management lifted its position in MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. increased its position in MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC raised its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC increased its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the last quarter. 44.53% of the stock is 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.