MARA (NASDAQ:MARA) Stock Price Up 3.3% - Should You Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shot up 3.3% during trading on Monday . The stock traded as high as $20.55 and last traded at $20.28. 21,830,501 shares were traded during trading, a decline of 37% from the average session volume of 34,447,090 shares. The stock had previously closed at $19.64.

Analyst Ratings Changes

MARA has been the subject of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised 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 research report on Tuesday, December 10th. Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued 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 $25.80.

MARA Price Performance

The company has a fifty day moving average price of $21.53 and a two-hundred day moving average price of $19.22. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 26.01 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm's quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now owns 142,556 shares of the company's stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,615 shares of company stock valued at $3,258,686 over the last quarter. 0.97% of the stock is owned by company insiders.

Institutional Trading of MARA

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake 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 acquiring an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MARA by 261.1% in 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 purchasing an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after buying an additional 37,150 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider's stock valued at $26,477,000 after buying an additional 149,805 shares during the last quarter. 44.53% of the stock is 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.