Analysts Set MARA Holdings, Inc. (NASDAQ:MARA) PT at $25.67

MARA Holdings, Inc. (NASDAQ:MARA) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.67.

MARA has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Piper Sandler assumed coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company.

MARA Price Performance

MARA stock opened at $15.95 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA has a 52 week low of $13.16 and a 52 week high of $34.09. The firm’s fifty day moving average is $18.58 and its 200 day moving average is $18.55. The firm has a market cap of $5.41 billion, a P/E ratio of 20.19 and a beta of 5.76.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,215 shares of company stock valued at $2,540,158. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its position in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after buying an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $43,086,000 after buying an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in MARA by 112.4% during the 3rd 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 purchasing an additional 107,963 shares during the period. Everence Capital Management Inc. bought a new stake in MARA during the 3rd quarter valued at approximately $640,000. Finally, Weiss Asset Management LP bought a new stake in MARA during the 3rd quarter valued at approximately $1,557,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.