MARA (NASDAQ:MARA) Trading Up 1.8% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 1.8% during trading on Tuesday . The company traded as high as $11.69 and last traded at $11.70. Approximately 11,628,358 shares were traded during trading, a decline of 74% from the average daily volume of 45,311,758 shares. The stock had previously closed at $11.50.

Analyst Ratings Changes

Several analysts recently weighed in on MARA shares. JPMorgan Chase & Co. reduced their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective for the company. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The business’s 50 day moving average is $15.05 and its two-hundred day moving average is $17.97. The firm has a market cap of $3.95 billion, a P/E ratio of 14.46 and a beta of 6.09. 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 posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 over the last ninety days. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

Several hedge funds have recently made changes to their positions in MARA. Milestone Asset Management Group LLC bought a new stake in MARA during the fourth quarter valued at $429,000. Wellington Management Group LLP boosted its position in shares of MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock valued at $12,015,000 after acquiring an additional 677,199 shares during the last quarter. California State Teachers Retirement System increased its position in shares of MARA by 2.9% in the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after purchasing an additional 7,864 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of MARA during the 4th quarter worth $27,000. Finally, United Advisor Group LLC grew its position in MARA by 64.5% in the fourth quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock worth $855,000 after acquiring an additional 20,007 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.