MARA’s (MARA) Buy Rating Reiterated at HC Wainwright

MARA (NASDAQ:MARA)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a report issued on Wednesday,Benzinga reports. They currently have a $28.00 price objective on the business services provider’s stock. HC Wainwright’s target price would indicate a potential upside of 10.98% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Macquarie started coverage on MARA in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.57.

MARA Price Performance

NASDAQ:MARA opened at $25.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.75 and a current ratio of 3.75. The stock’s 50-day simple moving average is $16.95 and its 200 day simple moving average is $18.52. The company has a market cap of $7.43 billion, a P/E ratio of 16.17 and a beta of 5.52. MARA has a 52-week low of $8.84 and a 52-week high of $34.09.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,417 shares of company stock worth $1,500,486 over the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MARA. Beaird Harris Wealth Management LLC increased its holdings in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares in the last quarter. Larson Financial Group LLC increased its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC increased its holdings in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP bought a new stake in MARA during the third quarter valued at $50,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in MARA during the first quarter valued at $105,000. 44.53% of the stock is currently 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.