MARA (NASDAQ:MARA) Shares Up 6.2% - Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price traded up 6.2% during trading on Friday . The company traded as high as $12.92 and last traded at $12.91. 14,979,077 shares changed hands during trading, a decline of 68% from the average session volume of 46,281,213 shares. The stock had previously closed at $12.16.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. Compass Point downgraded 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 research report on Thursday, November 21st. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, HC Wainwright reissued a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $22.80.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $18.23. The company has a market cap of $4.43 billion, a PE ratio of 16.22 and a beta of 5.95.

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

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MARA. Beacon Capital Management LLC acquired a new stake in MARA in the fourth quarter valued at $26,000. Truvestments Capital LLC acquired a new stake in MARA in the third quarter valued at $26,000. Park Square Financial Group LLC acquired a new stake in MARA in the fourth quarter valued at $27,000. Sterling Capital Management LLC grew 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 purchasing an additional 1,426 shares during the last quarter. Finally, Larson Financial Group LLC grew 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 purchasing an additional 1,062 shares during the last quarter. Hedge funds and other institutional investors 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.