MARA (NASDAQ:MARA) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of MARA (NASDAQ:MARA) in a report issued on Wednesday,Benzinga reports. They currently have a $28.00 target price on the business services provider’s stock.

A number of other research firms have also weighed in on MARA. JPMorgan Chase & Co. lowered their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Macquarie assumed coverage on shares of MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, MARA has an average rating of “Hold” and a consensus price target of $21.57.

MARA Price Performance

MARA stock opened at $22.18 on Wednesday. The company has a fifty day simple moving average of $17.09 and a 200-day simple moving average of $18.54. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 27.47 and a beta of 5.52. MARA has a 52-week low of $9.16 and a 52-week high of $34.09.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,524,546 in the last three months. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently made changes to their positions in MARA. Beaird Harris Wealth Management LLC increased its position in shares of MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after buying an additional 695 shares in the last quarter. Financial Advocates Investment Management grew its position in shares of MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. increased its stake in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after purchasing an additional 780 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of MARA by 4.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after purchasing an additional 881 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

About MARA

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.