MARA (NASDAQ:MARA) Stock Price Up 11.4% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares shot up 11.4% on Wednesday . The stock traded as high as $22.15 and last traded at $22.12. 39,106,941 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 54,447,527 shares. The stock had previously closed at $19.86.

Analysts Set New Price Targets

Several research firms have weighed in on MARA. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.88.

MARA Stock Down 2.8 %

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $17.66 and its 200-day simple moving average is $18.67. The firm has a market capitalization of $7.56 billion, a P/E ratio of 30.35 and a beta of 5.52.

MARA (NASDAQ:MARA) last issued 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 negative return on equity of 8.40% and a net margin of 27.48%. The firm 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 company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, research analysts predict that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

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 shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,622 shares of company stock worth $2,399,805 over the last three months. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after purchasing an additional 441,455 shares in the last quarter. American International Group Inc. lifted its stake in MARA by 4.3% in the 1st quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock worth $2,495,000 after purchasing an additional 4,593 shares in the last quarter. Natixis purchased a new stake in MARA in the 1st quarter worth approximately $177,000. Lazard Asset Management LLC purchased a new stake in MARA in the 1st quarter worth approximately $249,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.