MARA (NASDAQ:MARA) Trading 2.1% Higher – Still a Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 2.1% on Wednesday . The company traded as high as $12.57 and last traded at $12.33. Approximately 10,761,928 shares traded hands during trading, a decline of 77% from the average daily volume of 45,985,498 shares. The stock had previously closed at $12.07.

Analyst Ratings Changes

MARA has been the subject of a number of recent analyst reports. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays cut their price objective 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and an average target price of $22.80.

MARA Stock Up 3.7 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.33 billion, a P/E ratio of 15.88 and a beta of 5.95. The company has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $18.17.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. On average, equities analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s 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 of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,710 shares of company stock valued at $1,226,825. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in shares of MARA during the third quarter valued at $26,000. Beacon Capital Management LLC bought a new position in MARA in the fourth quarter valued at about $26,000. Park Square Financial Group LLC bought a new position in MARA in the fourth quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% in the third 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 during the period. Finally, Sterling Capital Management LLC lifted its holdings in MARA by 358.3% in the fourth 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 during the period. 44.53% of the stock is owned by 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.