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

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded up 4.4% during trading on Wednesday . The company traded as high as $18.62 and last traded at $18.12. 17,317,898 shares changed 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.

Analysts Set New Price Targets

Several brokerages have commented on MARA. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.80.

MARA Stock Performance

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 stock’s fifty day moving average price is $21.66 and its 200-day moving average price is $19.17. The company has a market capitalization of $5.82 billion, a P/E ratio of 22.89 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results 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). The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate 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 for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 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 transaction of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,410 shares of company stock valued at $2,468,329 in the last three months. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MARA. Truvestments Capital LLC acquired a new stake in MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC lifted its holdings 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 purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of MARA during the third quarter worth $50,000. Finally, Tobam lifted its holdings in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the period. Institutional investors and hedge funds 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.