MARA’s (MARA) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of MARA (NASDAQ:MARA) in a research note released on Thursday morning, MarketBeat Ratings reports.

A number of other research firms have also weighed in on MARA. Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Trading Up 5.5 %

NASDAQ:MARA opened at $13.13 on Thursday. MARA has a one year low of $12.05 and a one year high of $34.09. The business has a fifty day moving average price of $17.78 and a 200-day moving average price of $18.46. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.62 and a beta of 5.76. 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) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. Sell-side analysts forecast that MARA will post -1.04 EPS for the current year.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,215 shares of company stock worth $2,033,766. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in MARA during the 3rd quarter worth $26,000. Beacon Capital Management LLC acquired a new stake in MARA in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC boosted its position in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Sterling Capital Management LLC increased its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares in the last quarter. 44.53% of the stock is currently owned by 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.