MARA (NASDAQ:MARA) Trading 4.4% Higher – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded up 4.4% during trading on Wednesday . The stock traded as high as $18.62 and last traded at $18.12. 17,317,898 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 33,689,863 shares. The stock had previously closed at $17.36.

Analyst Ratings Changes

Several analysts have commented on the company. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Barclays started coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 22.89 and a beta of 5.76. The company has a 50-day moving average of $21.66 and a 200-day moving average of $19.17. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,410 shares of company stock valued at $2,468,329 in the last three months. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in MARA in the 3rd quarter valued at $26,000. Larson Financial Group LLC increased its stake in shares of 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 during the period. Signaturefd LLC raised its position in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA during the third quarter valued at $50,000. Finally, Tobam boosted its holdings in MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 4,880 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.