Needham & Company LLC Reaffirms “Hold” Rating for MARA (NASDAQ:MARA)

MARA (NASDAQ:MARA)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a report released on Thursday, MarketBeat reports.

Other research analysts also recently issued reports about the stock. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler started coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Performance

Shares of MARA opened at $13.92 on Thursday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $17.64 and a 200-day moving average price of $18.42. The company has a market cap of $4.72 billion, a PE ratio of 17.62 and a beta of 5.76. MARA has a 12-month low of $12.05 and a 12-month high of $30.71.

MARA (NASDAQ:MARA) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. As a group, equities analysts forecast that MARA will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,215 shares of company stock valued at $2,033,766 in the last 90 days. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in MARA during the 3rd quarter valued at approximately $26,000. Beacon Capital Management LLC purchased a new position in shares of MARA in the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of MARA during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake 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 worth $31,000 after purchasing an additional 1,062 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.