MARA (NASDAQ:MARA) Stock Price Up 0.5% - Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares shot up 0.5% during trading on Monday . The stock traded as high as $12.27 and last traded at $11.36. 20,375,009 shares changed hands during trading, a decline of 55% from the average session volume of 45,358,840 shares. The stock had previously closed at $11.30.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MARA. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. B. Riley upped their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays lowered their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.80.

MARA Trading Up 5.5 %

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 business's fifty day moving average is $13.87 and its 200 day moving average is $17.71. The stock has a market cap of $4.28 billion, a PE ratio of 15.51 and a beta of 6.10.

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MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, analysts predict that MARA Holdings, Inc. will post -1.04 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 Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on 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 owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several hedge funds have recently bought and sold shares of MARA. Spire Wealth Management boosted its stake in shares of MARA by 26.7% during the fourth 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. United Services Automobile Association lifted its stake in shares of MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after buying an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of MARA by 79.3% during the fourth 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 period. Mackenzie Financial Corp boosted its position in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after acquiring an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in MARA by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock worth $244,000 after acquiring an additional 992 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

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.