MARA (NASDAQ:MARA) Trading Up 0.2% - Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares were up 0.2% during mid-day trading on Wednesday . The company traded as high as $14.37 and last traded at $14.00. Approximately 15,065,277 shares changed hands during trading, a decline of 68% from the average daily volume of 47,107,223 shares. The stock had previously closed at $13.97.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MARA shares. HC Wainwright reissued a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Barclays reduced their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average price target of $23.30.

MARA Price Performance

The stock has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $18.38. The firm has a market cap of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

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MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company's stock, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,915 shares of company stock worth $2,289,443 over the last quarter. Insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after acquiring an additional 2,706,271 shares during the period. Geode Capital Management LLC raised its stake in shares of MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after buying an additional 518,503 shares during the period. American Century Companies Inc. raised its stake in shares of MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp raised its stake in shares of MARA by 18.1% during the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock worth $55,233,000 after buying an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after buying an additional 372,094 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

About MARA

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.