MARA (NASDAQ:MARA) Trading 4.4% Higher – Time to Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 4.4% during mid-day trading on Thursday . The company traded as high as $20.19 and last traded at $20.55. Approximately 19,850,772 shares were traded during trading, a decline of 50% from the average daily volume of 39,413,406 shares. The stock had previously closed at $19.69.

Analyst Ratings Changes

A number of analysts have recently commented on MARA shares. Barclays began coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.67.

MARA Stock Performance

The company’s fifty day simple moving average is $21.37 and its two-hundred day simple moving average is $19.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market capitalization of $6.35 billion, a P/E ratio of 25.12 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for 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 for the quarter was up 34.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Geode Capital Management LLC grew its position in MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in MARA during the second quarter worth about $4,498,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 8.9% in the third 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 during the last quarter. Finally, Second Line Capital LLC acquired a new stake in shares of MARA in the 2nd quarter valued at approximately $4,060,000. 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.