MARA (NASDAQ:MARA) Shares Up 4.1% - Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price shot up 4.1% during mid-day trading on Thursday . The stock traded as high as $19.54 and last traded at $19.17. 15,201,111 shares changed hands during trading, a decline of 61% from the average session volume of 38,585,570 shares. The stock had previously closed at $18.42.

Analyst Ratings Changes

MARA has been the subject of a number of research analyst reports. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and upped their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.67.

MARA Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 24.28 and a beta of 5.76. The firm has a fifty day moving average price of $21.22 and a 200-day moving average price of $19.08.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). The firm 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 company's quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. As a group, equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company'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 transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock valued at $2,980,694 over the last three months. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA during the fourth quarter worth about $26,000. Larson Financial Group LLC increased its stake in shares of 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 buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after buying an additional 860 shares during the last quarter. Finally, Signaturefd LLC boosted its position in 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 period. 44.53% of the stock is currently owned by institutional investors.

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.

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