MARA (NASDAQ:MARA) Stock Price Up 4.1% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price rose 4.1% on Thursday . The stock traded as high as $19.54 and last traded at $19.17. Approximately 15,201,111 shares traded hands during trading, a decline of 61% from the average daily volume of 38,585,570 shares. The stock had previously closed at $18.42.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MARA shares. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald began coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Trading Down 4.4 %

The firm has a market cap of $6.22 billion, a P/E ratio of 23.22 and a beta of 5.76. The business’s 50-day moving average is $20.97 and its two-hundred day moving average is $19.04. 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 announced 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 company had revenue of $131.60 million during 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 for the quarter was up 34.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. As a group, analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,915 shares of company stock worth $2,980,694. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Several large investors have recently bought and sold shares of MARA. Global Retirement Partners LLC increased its stake in shares of MARA by 72.9% during the fourth quarter. Global Retirement Partners LLC now owns 32,043 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 13,512 shares during the period. Principal Financial Group Inc. increased its position in shares of MARA by 37.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after purchasing an additional 519,900 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in MARA by 4.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider’s stock valued at $1,875,000 after buying an additional 4,945 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in MARA during the fourth quarter worth about $61,000. Finally, Beacon Capital Management LLC bought a new stake in MARA in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.