MARA (NASDAQ:MARA) Shares Up 10.4% - Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price rose 10.4% during mid-day trading on Tuesday . The company traded as high as $13.64 and last traded at $13.56. Approximately 23,279,593 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 45,248,447 shares. The stock had previously closed at $12.29.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. HC Wainwright reiterated a "buy" rating and set a $28.00 target price on shares of MARA in a research report on Thursday. Rosenblatt Securities initiated coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays lowered their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.80.

MARA Stock Up 2.1 %

The stock's fifty day simple moving average is $13.08 and its 200-day simple moving average is $17.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $4.95 billion, a P/E ratio of 18.10 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for 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, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Norges Bank acquired a new position in shares of MARA during the fourth quarter valued at about $46,413,000. Vanguard Group Inc. lifted its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in MARA by 192.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock valued at $31,817,000 after purchasing an additional 1,248,292 shares during the period. American Century Companies Inc. increased its stake in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after purchasing an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in MARA during the fourth quarter worth $13,416,000. 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.