MARA (NASDAQ:MARA) Trading 11.8% Higher - Still a Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) rose 11.8% during mid-day trading on Friday . The company traded as high as $19.28 and last traded at $19.24. Approximately 18,120,589 shares were traded during trading, a decline of 32% from the average daily volume of 26,695,072 shares. The stock had previously closed at $17.21.

Analysts Set New Price Targets

Several equities analysts have commented on MARA shares. Compass Point cut MARA from a "buy" rating to a "neutral" rating and upped their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price for the company. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. Finally, HC Wainwright reiterated a "buy" rating and set a $28.00 target price on shares of MARA in a research 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 given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.80.

MARA Stock Up 14.1 %

The business's fifty day simple moving average is $21.50 and its 200 day simple moving average is $19.24. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 24.86 and a beta of 5.63. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its 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). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Equities analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now owns 135,756 shares of the company's stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. Company insiders own 0.97% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new position in shares of MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC lifted its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC grew its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new position in MARA during the third quarter worth approximately $50,000. Finally, Tobam raised its stake in MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after buying an additional 4,880 shares during the period. 44.53% of the stock is currently owned by institutional investors.

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.