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H.C. Wainwright Keeps Their Buy Rating on Marathon Digital Holdings (MARA)

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Marathon Digital Holdings (MARAResearch Report) today and set a price target of $35.00. The company’s shares closed yesterday at $14.43.

Dede covers the Technology sector, focusing on stocks such as CareCloud, Inc., HIVE Blockchain Technologies, and Voyager Digital (Canada). According to TipRanks, Dede has an average return of -5.5% and a 32.88% success rate on recommended stocks.

Currently, the analyst consensus on Marathon Digital Holdings is a Moderate Buy with an average price target of $18.57, representing a 28.69% upside. In a report released on August 5, Jefferies also maintained a Buy rating on the stock with a $25.00 price target.

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MARA market cap is currently $1.53B and has a P/E ratio of (10.78).

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MARA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Marathon Patent Group, Inc. is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.

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