MARA (NASDAQ:MARA) Shares Up 2.7% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares shot up 2.7% during mid-day trading on Thursday . The stock traded as high as $25.75 and last traded at $23.25. 73,138,047 shares traded hands during trading, an increase of 33% from the average session volume of 54,931,949 shares. The stock had previously closed at $22.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday. Finally, HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MARA presently has an average rating of “Hold” and an average price target of $22.88.

MARA Trading Up 6.8 %

The company has a market cap of $7.78 billion, a PE ratio of 31.30 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company’s 50 day simple moving average is $17.66 and its two-hundred day simple moving average is $18.67.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business 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 firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -0.72 EPS for the current fiscal year.

Insider Activity at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the firm’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 transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,622 shares of company stock valued at $2,399,805 over the last 90 days. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently bought and sold shares of MARA. Beaird Harris Wealth Management LLC boosted its position in shares of MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of MARA during the 3rd quarter worth $26,000. Larson Financial Group LLC raised its stake 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 worth $31,000 after buying an additional 1,062 shares during the last quarter. Signaturefd LLC raised 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 buying an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of MARA during the 3rd quarter worth $50,000. 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.