MARA (NASDAQ:MARA) Trading Up 2.4% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 2.4% during mid-day trading on Tuesday . The stock traded as high as $18.13 and last traded at $17.61. Approximately 13,438,223 shares changed hands during trading, a decline of 60% from the average daily volume of 33,374,633 shares. The stock had previously closed at $17.19.

Analysts Set New Price Targets

MARA has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. 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. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. 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 company’s stock. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $25.80.

MARA Trading Up 0.8 %

The company has a market capitalization of $5.89 billion, a P/E ratio of 23.16 and a beta of 5.76. 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 fifty day simple moving average is $21.63 and its 200-day simple moving average is $19.16.

MARA (NASDAQ:MARA) last released its quarterly 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue was up 34.4% on a year-over-year basis. Research analysts predict that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the sale, the director now directly owns 135,756 shares of the company’s stock, 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 quarter, insiders sold 109,410 shares of company stock worth $2,485,329. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MARA. Sara Bay Financial raised its position in MARA by 5.3% during the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock worth $2,121,000 after buying an additional 6,141 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of MARA during the fourth quarter worth $231,000. Fiduciary Alliance LLC acquired a new position in MARA during the fourth quarter valued at $397,000. GAMMA Investing LLC boosted its holdings in MARA by 102.0% in the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 6,485 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.