MARA (NASDAQ:MARA) Price Target Raised to $20.00

MARA (NASDAQ:MARA - Get Free Report) had its target price raised by equities researchers at Rosenblatt Securities from $17.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. Rosenblatt Securities' price target indicates a potential upside of 22.07% from the stock's current price.

A number of other research firms also recently commented on MARA. Barclays increased their price objective on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Compass Point reissued a "sell" rating and set a $9.50 price objective (down previously from $25.00) on shares of MARA in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, HC Wainwright reissued a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.83.

MARA Price Performance

MARA stock traded up $1.65 during trading on Tuesday, hitting $16.38. The stock had a trading volume of 38,318,584 shares, compared to its average volume of 45,101,251. The company's 50-day moving average price is $13.57 and its two-hundred day moving average price is $17.08. MARA has a twelve month low of $9.81 and a twelve month high of $30.28. The stock has a market capitalization of $5.77 billion, a P/E ratio of 20.73 and a beta of 6.82. 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 (NASDAQ:MARA - Get Free Report) last issued 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). The firm had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, research analysts predict that MARA will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 55,010 shares of MARA stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the transaction, the chief executive officer now owns 4,146,804 shares in the company, valued at approximately $62,202,060. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas K. Mellinger sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the sale, the director now directly owns 176,859 shares in the company, valued at approximately $2,829,744. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,315 shares of company stock worth $2,322,961 over the last three months. Insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of large investors have recently modified their holdings of the stock. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA during the fourth quarter worth about $27,000. Sterling Capital Management LLC grew its position in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after buying an additional 1,426 shares in the last quarter. Spire Wealth Management increased its stake in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in MARA in the fourth quarter valued at approximately $50,000. 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.

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