Analysts Set MARA Holdings, Inc. (NASDAQ:MARA) Target Price at $22.80

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) have been given a consensus rating of "Hold" by the eleven brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.80.

MARA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays decreased their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd.

Insider Transactions at MARA

In other MARA news, 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 of the company's stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

Several large investors have recently added to or reduced their stakes in MARA. Norges Bank acquired a new stake in MARA in the 4th quarter valued at $46,413,000. Vanguard Group Inc. grew its stake in 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 purchasing an additional 2,706,271 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of MARA by 192.4% during 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 purchasing an additional 1,248,292 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in MARA during the fourth quarter valued at about $13,416,000. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Price Performance

Shares of NASDAQ MARA traded up $0.43 during midday trading on Friday, reaching $14.48. The company's stock had a trading volume of 56,508,567 shares, compared to its average volume of 45,237,572. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 18.33 and a beta of 6.82. MARA has a one year low of $9.81 and a one year high of $30.28. 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 company has a 50 day moving average price of $13.03 and a 200 day moving average price of $17.41.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities research analysts expect that MARA will post -1.04 EPS for the current 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.