MARA (NASDAQ:MARA) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of MARA (NASDAQ:MARA) in a report released on Thursday morning, MarketBeat Ratings reports.

A number of other equities analysts also recently issued reports on the stock. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Up 5.5 %

Shares of NASDAQ:MARA opened at $13.13 on Thursday. 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 has a 1 year low of $12.05 and a 1 year high of $34.09. The company has a market cap of $4.46 billion, a PE ratio of 16.62 and a beta of 5.76. The stock’s 50-day moving average is $17.78 and its 200 day moving average is $18.46.

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

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % 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. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of MARA by 8.9% during the third 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 purchasing an additional 217,106 shares during 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 buying an additional 107,963 shares during the last quarter. Weiss Asset Management LP purchased a new stake in MARA during the 3rd quarter valued at $1,557,000. Intech Investment Management LLC bought a new position in shares of MARA during the 3rd quarter valued at $1,107,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of 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 buying an additional 24,300 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.