MARA (NASDAQ:MARA) Trading 4.1% Higher – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 4.1% during mid-day trading on Thursday . The stock traded as high as $19.54 and last traded at $19.17. Approximately 15,201,111 shares changed hands during trading, a decline of 61% from the average daily volume of 38,585,570 shares. The stock had previously closed at $18.42.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Stock Down 4.4 %

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 firm has a 50 day simple moving average of $20.97 and a two-hundred day simple moving average of $19.04. The company has a market capitalization of $6.22 billion, a PE ratio of 23.22 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 34.4% on a year-over-year basis. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock valued at $2,980,694 in the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after purchasing an additional 570,803 shares during the period. Principal Financial Group Inc. grew its stake in shares of MARA by 37.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after buying an additional 519,900 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in MARA by 12.7% in the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after acquiring an additional 149,805 shares during the period. Institutional investors and hedge funds 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.