MARA (NASDAQ:MARA) Trading Up 0.5% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) rose 0.5% on Tuesday . The company traded as high as $25.58 and last traded at $24.68. Approximately 22,655,700 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 56,684,656 shares. The stock had previously closed at $24.56.

Wall Street Analyst Weigh In

MARA has been the subject of a number of recent research reports. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. 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. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Finally, Cantor Fitzgerald began coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $25.50.

MARA Price Performance

The stock has a market cap of $7.98 billion, a P/E ratio of 31.24 and a beta of 5.63. The firm has a 50-day moving average price of $20.92 and a 200-day moving average price of $19.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the company posted ($0.05) EPS. The firm’s revenue was up 34.4% on a year-over-year basis. On average, analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at MARA

In related news, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,922 shares of company stock valued at $2,651,807. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several institutional investors have recently added to or reduced their stakes in MARA. Assenagon Asset Management S.A. purchased a new stake in MARA during the 2nd quarter valued at $1,890,000. Nisa Investment Advisors LLC boosted its stake in shares of MARA by 56.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 57,931 shares of the business services provider’s stock worth $1,150,000 after buying an additional 20,861 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of MARA in the 2nd quarter worth $2,725,000. Bank of New York Mellon Corp boosted its stake in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in shares of MARA in the 2nd quarter worth $198,000. 44.53% of the stock is currently owned by hedge funds and other 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.