MARA Holdings (NASDAQ:MARA) Stock Has Consensus Target Price of $19.20 According to Brokerages

MARA Holdings (NASDAQ:MARA) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.10.

Several research firms have recently weighed in on MARA. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of MARA in a report on Friday, August 7th. Morgan Stanley set a $10.00 price objective on shares of MARA and gave the company an “underweight” rating in a research note on Friday, October 9th. Piper Sandler reduced their target price on shares of MARA from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Citizens Jmp initiated coverage on MARA in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research report on Monday, September 14th.

Trending Headlines about MARA

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Market participation improved: MARA closed 1.28% higher as the broader stock market advanced, suggesting some relief buying in a high-beta cryptocurrency-linked stock. Marathon Digital Holdings Beats Stock Market Upswing
• Positive Sentiment: Call-option demand increased: Investors purchased approximately 310,828 call options, about 50% above average volume. This points to elevated speculative interest and expectations for a rebound, although options activity can also increase volatility.
• Neutral Sentiment: Institutional positioning was mixed: Several funds, including D. E. Shaw, Dimensional Fund Advisors and BlackRock, increased their MARA holdings in the second quarter, while Norges Bank and Capital Research exited positions. The conflicting activity offers no clear institutional signal.
• Negative Sentiment: Bitcoin weakness remains the primary risk: Bitcoin’s decline has pressured miners and crypto-linked equities. MARA also faced concern after roughly $81 million of bitcoin was transferred to Galaxy Digital; although the transfer does not confirm a sale, investors are worried about potential treasury monetization and additional supply. MARA Slides as Bitcoin Weakness Pressures Sentiment
• Negative Sentiment: Fundamentals and valuation remain challenged: The latest quarter showed a 27% year-over-year revenue decline and a $611.3 million net loss. The stock is also trading below its 50-day and 200-day moving averages, while Morgan Stanley lowered its price target to $10 and retained an Underweight rating.
• Negative Sentiment: Insider selling adds caution: Executives reported 20 sales and no purchases over the past six months, including sales by the CEO, CFO and general counsel.

MARA Price Performance

Shares of NASDAQ:MARA opened at $8.33 on Friday. MARA has a 52 week low of $6.66 and a 52 week high of $23.16. The company’s 50 day moving average is $10.94 and its two-hundred day moving average is $11.79. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89.

MARA (NASDAQ:MARA) last posted its earnings results on Thursday, August 6th. The business services provider reported ($1.60) EPS for the quarter, missing the consensus estimate 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 business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $209.44 million. During the same period last year, the company earned $1.84 EPS. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, analysts expect that MARA will post -1.65 earnings per share for the current year.

Insider Activity

In related news, CFO Salman Khan sold 16,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the sale, the chief financial officer directly owned 377,066 shares of the company’s stock, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the completion of the sale, the general counsel directly owned 898,780 shares in the company, valued at approximately $10,785,360. The trade was a 0.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 106,891 shares of company stock valued at $1,124,731 in the last three months. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Several large investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its holdings in MARA by 315.5% during the 1st quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider’s stock valued at $1,359,000 after buying an additional 126,482 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of MARA in the second quarter worth $3,545,000. Compass Financial Management LLC acquired a new position in shares of MARA in the second quarter worth $6,000,000. Edgestream Partners L.P. acquired a new position in shares of MARA in the first quarter worth $2,864,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of MARA in the fourth quarter valued at $5,220,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Company Profile

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset technology company focused primarily on mining bitcoin. The company operates specialized data centers containing application-specific integrated circuit (ASIC) computers that process transactions and secure the Bitcoin network in exchange for bitcoin rewards.

In addition to bitcoin mining, MARA develops and operates digital asset computing infrastructure. Its activities include managing energy and data-center resources, deploying mining hardware, and pursuing technologies designed to improve the efficiency and scalability of digital asset mining.