MARA Holdings, Inc. (NASDAQ:MARA) Receives $25.67 Consensus PT from Brokerages

Shares of MARA Holdings, Inc. (NASDAQ:MARA) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.67.

Several brokerages have recently commented on MARA. Barclays began coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. 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 report on Thursday, November 21st. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th.

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 on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,215 shares of company stock valued at $2,540,158. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC boosted its holdings in shares of MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares during the period. Everence Capital Management Inc. bought a new position in shares of MARA in the third quarter worth $640,000. Finally, Weiss Asset Management LP purchased a new stake in shares of MARA in the third quarter worth $1,557,000. 44.53% of the stock is owned by institutional investors.

MARA Stock Performance

Shares of MARA stock opened at $14.66 on Friday. The firm has a 50-day moving average of $18.42 and a 200-day moving average of $18.54. The company has a market cap of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA has a one year low of $13.16 and a one year high of $34.09.

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.