MARA Holdings (MARA) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is mixed: MARA has an average “Hold” rating from 10 analysts, with seven buys and three sells. The average 12-month price target is $17.78, well above the reported share price of $6.43.
• Operating performance remains weak: The company reported a quarterly loss of $1.60 per share, missing estimates by $1.77, while revenue fell 26.7% year over year to $174.88 million.
• Insiders have been selling shares under pre-arranged Rule 10b5-1 plans, with insiders selling 106,891 shares worth approximately $1.12 million over the past three months; institutional investors own 44.53% of the stock.

MARA Holdings (NASDAQ:MARA - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.78.

A number of analysts have weighed in on MARA shares. HC Wainwright began coverage on shares of MARA in a research report on Friday, September 11th. They set a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. cut shares of MARA from an "overweight" rating to an "underweight" rating and cut their price target for the company from $13.00 to $11.00 in a research report on Monday, September 14th. Weiss Ratings downgraded MARA from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, October 23rd. Morgan Stanley set a $10.00 price objective on MARA and gave the stock an "underweight" rating in a research report on Friday, October 9th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price objective on shares of MARA in a research note on Friday, August 7th.

Insiders Place Their Bets

In other news, General Counsel Zabi Nowaid sold 8,376 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $12.00, for a total value of $100,512.00. Following the completion of the sale, the general counsel directly owned 898,780 shares in the company, valued at $10,785,360. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $11.22, for a total value of $308,606.10. Following the sale, the chief executive officer owned 4,217,586 shares of the company's stock, valued at approximately $47,321,314.92. This represents a 0.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 106,891 shares of company stock worth $1,124,731. Corporate insiders own 0.97% of the company's stock.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently made changes to their positions in MARA. Quantinno Capital Management LP boosted its position in MARA by 315.5% in the first quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider's stock worth $1,359,000 after purchasing an additional 126,482 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of MARA during the 2nd quarter valued at approximately $3,545,000. Compass Financial Management LLC bought a new stake in MARA during the 2nd quarter valued at $6,000,000. Edgestream Partners L.P. bought a new stake in MARA during the 1st quarter valued at $2,864,000. Finally, Hsbc Holdings PLC purchased a new stake in MARA during the 4th quarter worth about $5,220,000. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Trading Down 5.0%

NASDAQ MARA opened at $6.43 on Tuesday. The firm has a market capitalization of $2.48 billion, a PE ratio of -0.70 and a beta of 5.33. The business's 50-day moving average price is $10.28 and its two-hundred day moving average price is $10.77. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. MARA has a 12 month low of $6.37 and a 12 month high of $18.69.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($1.77). The company had revenue of $174.88 million for the quarter, compared to the consensus estimate of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%. MARA's revenue was down 26.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 earnings per share. On average, analysts expect that MARA will post -1.65 EPS for the current year.

MARA Company Profile

MARA Holdings, Inc NASDAQ: MARA, formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.

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