MARA (NASDAQ:MARA) Given Buy Rating at HC Wainwright

MARA (NASDAQ:MARA)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports. They presently have a $28.00 price objective on the business services provider’s stock. HC Wainwright’s price objective indicates a potential upside of 95.80% from the company’s previous close.

Several other research firms also recently weighed in on MARA. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Rosenblatt Securities assumed coverage on shares of MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays lowered their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Stock Performance

MARA stock opened at $14.30 on Thursday. The business has a 50 day moving average of $13.08 and a 200-day moving average of $17.48. The firm has a market cap of $4.95 billion, a PE ratio of 18.10 and a beta of 6.10. MARA has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, sell-side analysts expect that MARA will post -1.04 earnings per share for the current year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds have recently bought and sold shares of the stock. Spire Wealth Management raised its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. United Services Automobile Association raised its holdings in shares of MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after buying an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the last quarter. Mackenzie Financial Corp boosted its stake in MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after buying an additional 878 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 992 shares during the last quarter. 44.53% of the stock is currently owned by 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.