MARA (NASDAQ:MARA) Stock Price Up 4.9% – Time to Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 4.9% during mid-day trading on Wednesday . The stock traded as high as $24.61 and last traded at $23.92. Approximately 22,243,664 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 56,745,008 shares. The stock had previously closed at $22.81.

Analyst Ratings Changes

A number of research firms have weighed in on MARA. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research note on Tuesday. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and raised their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.56.

MARA Trading Up 0.7 %

The business has a 50 day moving average of $20.62 and a 200 day moving average of $19.26. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 28.42 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share 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 during the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the firm earned ($0.05) EPS. The business’s quarterly revenue was up 34.4% on a year-over-year basis. On average, research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,622 shares of company stock valued at $2,890,197. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in shares of MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after purchasing an additional 12,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of MARA by 4.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 3,200 shares during the last quarter. Geode Capital Management LLC increased its stake in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. M&T Bank Corp grew its position in shares of MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,418 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of MARA during the third quarter valued at approximately $1,072,000. 44.53% of the stock is currently owned by 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.