MARA Holdings (NASDAQ:MARA) Given Average Rating of “Hold” by Analysts

MARA Holdings (NASDAQ:MARA) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.20.

MARA has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of MARA in a research note on Friday, August 7th. HC Wainwright assumed coverage on shares of MARA in a report on Friday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. Citizens Jmp assumed coverage on MARA in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 target price on the stock. Weiss Ratings raised MARA from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Finally, Cantor Fitzgerald reduced their price target on MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 7th.

MARA News Summary

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Bitcoin rebound supports MARA: Bitcoin reportedly climbed about 6% toward $81,000, a favorable catalyst for MARA because miners’ revenue and asset values are closely tied to Bitcoin prices. MARA’s substantial Bitcoin holdings and high operating leverage can amplify gains in the cryptocurrency. Why Is MARA Stock Surging on Friday?
• Positive Sentiment: Morgan Stanley raised its outlook: Reports said Morgan Stanley doubled its price target for MARA, adding to bullish sentiment and helping reinforce the stock’s upward momentum. The upgrade was accompanied by broader optimism in Wall Street forecasts for the company. MARA Holdings Stock Jumps After Morgan Stanley Doubles Price Target
• Neutral Sentiment: Infrastructure expansion remains a longer-term catalyst: MARA has reported 35,577 BTC held as of June 30 and 70.3 EH/s of energized hashrate, while pursuing additional powered-land capacity in Texas. These initiatives could expand mining capacity, but execution, capital requirements and Bitcoin volatility remain important risks. Why MARA Holdings Stock Is Up Today
• Negative Sentiment: Rally increases profit-taking risk: MARA had already gained roughly 21% over the preceding month, potentially making the stock vulnerable to consolidation or profit-taking. Quiver also reported open-market insider sales by the CEO, CFO and general counsel, with no reported insider purchases in the past six months. MARA Holdings Just Rallied 21% in a Month

Insiders Place Their Bets

In other MARA news, CEO Frederick Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $11.45, for a total transaction of $314,932.25. Following the completion of the transaction, the chief executive officer owned 4,308,192 shares of the company’s stock, valued at $49,328,798.40. The trade was a 0.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $12.00, for a total value of $100,512.00. Following the sale, the general counsel owned 898,780 shares in the company, valued at approximately $10,785,360. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 79,386 shares of company stock worth $816,125 in the last quarter. 0.97% of the stock is owned by company insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in MARA in the fourth quarter worth about $39,492,000. Delta Global Management LP bought a new stake in shares of MARA in the 1st quarter worth approximately $5,064,000. Hsbc Holdings PLC purchased a new stake in shares of MARA in the 4th quarter worth approximately $5,220,000. Compass Rose Asset Management LP bought a new position in MARA during the 1st quarter valued at approximately $4,243,000. Finally, Compass Financial Management LLC bought a new position in MARA during the 2nd quarter valued at approximately $6,000,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Stock Performance

Shares of MARA stock opened at $13.24 on Monday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -1.45 and a beta of 5.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89. MARA has a 52 week low of $6.66 and a 52 week high of $23.45. The firm’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $11.48.

MARA (NASDAQ:MARA) last released its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($1.77). MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $209.44 million. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The firm’s revenue was down 26.7% compared to the same quarter last year. As a group, equities analysts forecast that MARA will post -1.65 earnings per share for the current year.

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.