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

MARA (NASDAQ:MARA)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Wednesday,Benzinga reports. They presently have a $28.00 target price on the business services provider’s stock. HC Wainwright’s price target would suggest a potential upside of 10.98% from the company’s current price.

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

MARA Price Performance

MARA stock opened at $25.23 on Wednesday. MARA has a 1 year low of $8.84 and a 1 year high of $34.09. The stock has a market capitalization of $7.43 billion, a PE ratio of 16.17 and a beta of 5.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The company’s 50-day moving average is $16.95 and its 200-day moving average is $18.52.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,417 shares of company stock valued at $1,500,486 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted 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 worth $31,000 after purchasing an additional 1,062 shares during the period. Cerity Partners LLC boosted its stake in MARA by 97.4% in the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after purchasing an additional 13,232 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of MARA during the 3rd quarter valued at about $1,107,000. Finally, Meeder Asset Management Inc. boosted its position in shares of MARA by 55.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 17,383 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 6,168 shares during the last quarter. 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.