MARA (NASDAQ:MARA) Trading 12.7% Higher – Should You Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 12.7% on Friday . The company traded as high as $20.68 and last traded at $20.63. Approximately 28,702,185 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 34,086,496 shares. The stock had previously closed at $18.30.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MARA currently has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The company has a market cap of $6.42 billion, a price-to-earnings ratio of 25.73 and a beta of 5.76. The firm’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $19.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, sell-side analysts predict that MARA Holdings, Inc. will post -1.09 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on 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. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,410 shares of company stock valued at $2,485,329. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in MARA by 21.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider’s stock valued at $261,000 after buying an additional 2,712 shares during the period. Lake Hills Wealth Management LLC raised its stake in shares of MARA by 27.1% in the 4th quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 2,766 shares during the period. Sara Bay Financial lifted its holdings in shares of MARA by 5.3% in the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock worth $2,121,000 after acquiring an additional 6,141 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in MARA in the 4th quarter valued at approximately $231,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of MARA during the fourth quarter worth $397,000. Hedge funds and other 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.