MARA (NASDAQ:MARA) Shares Up 3% – Time to Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) shot up 3% during trading on Wednesday . The stock traded as high as $27.32 and last traded at $25.72. 37,795,914 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 55,900,648 shares. The stock had previously closed at $24.97.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Barclays assumed coverage on MARA in a report on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, MARA has a consensus rating of “Hold” and an average price target of $23.33.

MARA Trading Up 7.8 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.66 billion, a PE ratio of 34.08 and a beta of 5.52. The company’s 50-day simple moving average is $18.88 and its 200 day simple moving average is $18.93.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) 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 firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the business earned ($0.05) EPS. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’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 transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,822 shares of company stock worth $2,702,877 in the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in MARA during the third quarter worth about $26,000. Larson Financial Group LLC grew its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC lifted its holdings in MARA by 74.8% during the 3rd 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 last quarter. Capital Performance Advisors LLP bought a new position in MARA during the 3rd quarter worth approximately $50,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of MARA in the 1st quarter worth approximately $105,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Company Profile

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.