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Morgan Stanley Initiates a Sell Rating on MARA Holdings (MARA)

Tipranks - Tue Feb 10, 1:54AM CST

MARA Holdings received a Sell rating and price target from Morgan Stanley analyst yesterday.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for MARA Holdings with a $19.40 average price target.

Based on MARA Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $252.41 million and a net profit of $123.13 million. In comparison, last year the company earned a revenue of $131.65 million and had a GAAP net loss of $124.79 million

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MARA in relation to earlier this year.

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