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

HC Wainwright restated their buy rating on shares of MARA (NASDAQ:MARA) in a research report released on Thursday,Benzinga reports. HC Wainwright currently has a $28.00 price target on the business services provider’s stock.

A number of other equities research analysts have also recently commented on MARA. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday. Finally, Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $25.67.

MARA Price Performance

NASDAQ MARA opened at $13.92 on Thursday. MARA has a 12 month low of $12.05 and a 12 month high of $30.71. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.62 and a beta of 5.76. The company’s 50 day moving average is $17.52 and its two-hundred day moving average is $18.42. 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 (NASDAQ:MARA) last released its 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%. The company had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. As a group, research analysts anticipate that MARA will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction 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 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 transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,215 shares of company stock valued at $2,033,766. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Creative Planning boosted its stake in MARA by 17.2% during the third quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after buying an additional 4,974 shares during the period. International Assets Investment Management LLC boosted its stake in MARA by 1,522.0% during the third quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock worth $317,000 after buying an additional 18,355 shares during the period. Assenagon Asset Management S.A. boosted its stake in MARA by 50.4% during the third quarter. Assenagon Asset Management S.A. now owns 143,188 shares of the business services provider’s stock worth $2,323,000 after buying an additional 47,965 shares during the period. State of Alaska Department of Revenue boosted its stake in MARA by 4.6% during the third quarter. State of Alaska Department of Revenue now owns 168,151 shares of the business services provider’s stock worth $2,727,000 after buying an additional 7,363 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in MARA by 2.0% during the third quarter. New York State Teachers Retirement System now owns 275,957 shares of the business services provider’s stock worth $4,476,000 after buying an additional 5,479 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.