MARA (NASDAQ:MARA) Trading Up 0.2% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $12.54 and last traded at $12.35. 5,638,718 shares traded hands during trading, a decline of 88% from the average session volume of 45,284,853 shares. The stock had previously closed at $12.32.

Wall Street Analyst Weigh In

Several research firms have weighed in on MARA. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Barclays decreased their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. One investment 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.80.

MARA Stock Down 2.9 %

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 firm has a market capitalization of $4.25 billion, a PE ratio of 15.56 and a beta of 6.10. The business has a 50-day moving average price of $13.36 and a 200-day moving average price of $17.58.

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

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of large investors have recently modified their holdings of MARA. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in MARA in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC grew its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 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.