MARA (NASDAQ:MARA) Stock Price Up 6.8% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded up 6.8% during mid-day trading on Monday . The stock traded as high as $27.80 and last traded at $27.79. 49,081,512 shares changed hands during trading, a decline of 12% from the average session volume of 55,535,469 shares. The stock had previously closed at $26.03.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MARA shares. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research note on Thursday. Finally, Barclays assumed coverage on shares of MARA in a report on Monday. They set an “equal weight” rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned 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 $23.33.

MARA Stock Up 1.5 %

The business’s 50 day simple moving average is $18.03 and its 200 day simple moving average is $18.72. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.50 billion, a PE ratio of 33.44 and a beta of 5.52.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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 company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,622 shares of company stock worth $2,399,805 over the last three months. 0.97% of the stock is owned by insiders.

Institutional Trading of MARA

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 2,340,472 shares during the period. Bank of New York Mellon Corp increased its stake in shares of MARA by 186.6% during the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares during the period. Principal Financial Group Inc. lifted its stake in MARA by 4,394.8% in the second quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock worth $26,892,000 after acquiring an additional 1,324,625 shares during the period. Public Sector Pension Investment Board bought a new position in MARA during the 2nd quarter worth about $11,920,000. Finally, Rhumbline Advisers raised its holdings in shares of MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares in the last quarter. 44.53% of the stock is 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.