MARA (NASDAQ:MARA) Stock Price Up 1.3% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) was up 1.3% during mid-day trading on Thursday . The company traded as high as $24.31 and last traded at $23.57. Approximately 17,547,761 shares were traded during trading, a decline of 69% from the average daily volume of 56,730,020 shares. The stock had previously closed at $23.27.

Wall Street Analyst Weigh In

MARA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a research report on Tuesday. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.56.

MARA Trading Up 0.7 %

The firm’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $19.27. The stock has a market cap of $7.32 billion, a P/E ratio of 28.77 and a beta of 5.63. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue was up 34.4% compared to the same quarter last year. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at $36,351,560. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,622 shares of company stock valued at $2,890,197 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

Several large investors have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in MARA during the third quarter valued at approximately $26,000. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC boosted its stake in shares of 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 acquiring an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA in the 3rd quarter worth $50,000. Finally, Tobam raised its position in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the period. 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.