MARA Holdings, Inc. (NASDAQ:MARA) Receives Average Recommendation of "Hold" from Analysts

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) have been assigned an average recommendation of "Hold" from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $20.83.

A number of research analysts have weighed in on MARA shares. HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Barclays upped their price objective on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Piper Sandler decreased their price objective on shares of MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Rosenblatt Securities upped their price objective on shares of MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday.

Insider Buying and Selling

In other MARA news, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director now owns 176,859 shares in the company, valued at approximately $2,829,744. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.68, for a total transaction of $431,278.40. Following the completion of the sale, the chief executive officer now owns 4,011,098 shares of the company's stock, valued at approximately $62,894,016.64. The trade was a 0.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,315 shares of company stock worth $2,322,961 in the last 90 days. Insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of hedge funds have recently bought and sold shares of MARA. Norges Bank acquired a new stake in MARA in the 4th quarter valued at about $46,413,000. Vanguard Group Inc. grew its stake in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after buying an additional 2,706,271 shares during the period. American Century Companies Inc. grew its stake in shares of MARA by 55.7% in the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider's stock valued at $72,334,000 after buying an additional 2,250,082 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of MARA in the 1st quarter valued at approximately $14,810,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of MARA by 192.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock valued at $31,817,000 after buying an additional 1,248,292 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Stock Performance

NASDAQ:MARA traded down $1.58 during mid-day trading on Tuesday, hitting $14.86. The company's stock had a trading volume of 57,173,951 shares, compared to its average volume of 45,249,254. MARA has a 1 year low of $9.81 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 18.81 and a beta of 6.82. The business's fifty day moving average is $13.65 and its two-hundred day moving average is $17.07.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. During the same period in the previous year, the company posted $1.26 earnings per share. MARA's revenue for the quarter was up 29.5% compared to the same quarter last year. Analysts anticipate that MARA will post -1.04 EPS for the current fiscal year.

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.