MARA (NASDAQ:MARA) Trading 2.1% Higher – Should You Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded up 2.1% during trading on Wednesday . The stock traded as high as $12.57 and last traded at $12.33. 10,761,928 shares were traded during mid-day trading, a decline of 77% from the average session volume of 45,985,498 shares. The stock had previously closed at $12.07.

Analyst Ratings Changes

Several analysts recently commented on the company. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities initiated coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock 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 five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 15.88 and a beta of 5.95. The business has a 50-day moving average price of $16.31 and a two-hundred day moving average price of $18.17. 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 released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Large investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new stake in MARA in the 4th quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in MARA in the 3rd quarter worth about $26,000. Park Square Financial Group LLC purchased a new stake in MARA in the 4th quarter worth about $27,000. Sterling Capital Management LLC increased its holdings in MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Larson Financial Group LLC increased 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 worth $31,000 after acquiring an additional 1,062 shares during the last quarter. 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.