MARA (NASDAQ:MARA) Stock Price Up 2.7% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price traded up 2.7% on Thursday . The company traded as high as $18.22 and last traded at $17.23. 16,817,561 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 56,140,824 shares. The stock had previously closed at $16.77.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Barclays started coverage on shares of MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price objective on the stock. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and lifted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.80.

MARA Price Performance

The firm has a market cap of $5.54 billion, a PE ratio of 21.78 and a beta of 5.63. 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 50 day moving average price of $21.45 and a two-hundred day moving average price of $19.24.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company's revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm'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 $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company's stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction 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 owns 1,836,129 shares of the company's stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MARA. Dimensional Fund Advisors LP boosted its position in MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock worth $64,249,000 after acquiring an additional 2,340,472 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in shares of MARA during the 2nd quarter worth approximately $11,920,000. Rhumbline Advisers grew its position in shares of MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider's stock valued at $15,615,000 after purchasing an additional 439,309 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in MARA during the second quarter worth approximately $4,498,000. Institutional investors and hedge funds 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.