MARA (NASDAQ:MARA) Shares Up 2.1% – Time to Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 2.1% during mid-day trading on Thursday . The company traded as high as $16.69 and last traded at $16.58. Approximately 11,287,659 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 34,953,180 shares. The stock had previously closed at $16.24.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MARA presently has an average rating of “Hold” and an average price target of $25.67.

MARA Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company’s 50 day moving average is $19.14 and its 200 day moving average is $18.62. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.39 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 $330,660.00. Following the completion of the transaction, the chief financial officer now 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 legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,915 shares of company stock worth $2,956,634. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

A number of institutional investors have recently bought and sold shares of MARA. Vanguard Group Inc. boosted its holdings in MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after buying an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC raised its position in shares of MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after acquiring an additional 518,503 shares during the period. American Century Companies Inc. boosted its stake in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after acquiring an additional 1,240,354 shares during the last quarter. Northern Trust Corp grew its holdings in MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after purchasing an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after purchasing an additional 372,094 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

About MARA

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.