MARA (NASDAQ:MARA) Receives Buy Rating from HC Wainwright

MARA (NASDAQ:MARA)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They currently have a $28.00 price target on the business services provider’s stock. HC Wainwright’s target price would indicate a potential upside of 124.90% from the stock’s current price.

MARA has been the topic of a number of other reports. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays initiated coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MARA presently has an average rating of “Hold” and an average target price of $25.67.

MARA Stock Up 0.3 %

Shares of NASDAQ MARA opened at $12.45 on Thursday. The company has a market cap of $4.23 billion, a P/E ratio of 15.76 and a beta of 5.76. The firm has a 50-day simple moving average of $17.78 and a two-hundred day simple moving average of $18.46. MARA has a 1 year low of $12.05 and a 1 year high of $34.09. 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 (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Research analysts anticipate that MARA will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the 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 $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,015 shares of company stock valued at $2,237,086 over the last quarter. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in MARA by 8.9% during 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 increased its holdings in shares of MARA by 112.4% during the third 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 acquiring an additional 107,963 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of MARA during the third quarter valued at about $1,557,000. Intech Investment Management LLC purchased a new position in shares of MARA in the 3rd quarter valued at approximately $1,107,000. Finally, Public Sector Pension Investment Board boosted its stake 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 worth $10,135,000 after purchasing an additional 24,300 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.