MARA's (MARA) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of MARA (NASDAQ:MARA - Free Report) in a research note published on Thursday,Benzinga reports. They currently have a $28.00 price objective on the business services provider's stock.

Several other equities analysts also recently issued reports on MARA. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 target price on the stock. Barclays dropped their price objective on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Piper Sandler dropped their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.80.

MARA Stock Performance

Shares of NASDAQ MARA traded down $0.63 during midday trading on Thursday, hitting $13.67. 23,980,193 shares of the company's stock traded hands, compared to its average volume of 45,080,715. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.34 and a beta of 6.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a fifty day moving average of $13.08 and a 200 day moving average of $17.51. MARA has a 1 year low of $9.81 and a 1 year high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating 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 company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. On average, analysts forecast that MARA will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's 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 $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Phraction Management LLC grew its holdings in shares of MARA by 92.3% during the first quarter. Phraction Management LLC now owns 25,000 shares of the business services provider's stock worth $288,000 after purchasing an additional 12,000 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of MARA during the first quarter valued at $178,000. Vontobel Holding Ltd. lifted its holdings in MARA by 49.3% in the first quarter. Vontobel Holding Ltd. now owns 164,721 shares of the business services provider's stock valued at $1,894,000 after acquiring an additional 54,409 shares during the period. New York State Teachers Retirement System grew its holdings in MARA by 2.6% during the first quarter. New York State Teachers Retirement System now owns 284,556 shares of the business services provider's stock valued at $3,272,000 after purchasing an additional 7,300 shares during the period. Finally, Amalgamated Bank raised its holdings in MARA by 4.3% during the first quarter. Amalgamated Bank now owns 96,737 shares of the business services provider's stock valued at $1,112,000 after acquiring an additional 3,996 shares during the period. 44.53% of the stock is owned by hedge funds and other 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.