MARA (NASDAQ:MARA) Trading 2.4% Higher – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 2.4% during mid-day trading on Thursday . The company traded as high as $13.11 and last traded at $12.83. 10,450,053 shares traded hands during trading, a decline of 77% from the average session volume of 45,956,438 shares. The stock had previously closed at $12.53.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MARA. Compass Point lowered 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 report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Barclays cut their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 0.1 %

The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 15.96 and a beta of 5.95. The firm’s 50 day moving average is $16.19 and its two-hundred day moving average is $18.13. 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 data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % 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 dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Capital Management LLC acquired a new stake in MARA during the 4th quarter worth about $26,000. Truvestments Capital LLC purchased a new position in MARA during the 3rd quarter valued at about $26,000. Park Square Financial Group LLC purchased a new position in MARA during the 4th quarter valued at about $27,000. Sterling Capital Management LLC grew its stake in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,426 shares in the last quarter. Finally, 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 acquiring an additional 1,062 shares in the last quarter. 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.