MARA (NASDAQ:MARA) Trading 2.1% Higher – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price rose 2.1% during trading on Wednesday . The company traded as high as $12.57 and last traded at $12.33. Approximately 10,761,928 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 45,985,498 shares. The stock had previously closed at $12.07.

Analyst Ratings Changes

MARA has been the subject of a number of research analyst reports. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays decreased their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average price target of $22.80.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a fifty day moving average of $16.08 and a 200 day moving average of $18.09. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.56 and a beta of 5.95.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management lifted its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 599 shares in the last quarter. United Services Automobile Association lifted its position in MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after buying an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares in the last quarter. Mackenzie Financial Corp lifted its position in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after buying an additional 878 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after buying an additional 992 shares in the last quarter. Hedge funds and other institutional investors 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.