MARA (NASDAQ:MARA) Shares Up 0.4% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price shot up 0.4% during trading on Thursday . The stock traded as high as $17.55 and last traded at $17.10. 10,243,604 shares were traded during mid-day trading, a decline of 72% from the average session volume of 36,767,145 shares. The stock had previously closed at $17.03.

Wall Street Analysts Forecast Growth

MARA has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Barclays began coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Piper Sandler assumed coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Down 0.2 %

The company has a fifty day moving average of $20.25 and a 200-day moving average of $18.82. 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 company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 21.23 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly 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 analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now directly 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. Over the last three months, insiders have sold 136,915 shares of company stock valued at $2,980,694. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in MARA in the third quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA during the 4th quarter worth about $26,000. Larson Financial Group LLC raised its holdings in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in 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 buying an additional 1,273 shares during the period. Hedge funds and other institutional investors 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.