MARA (NASDAQ:MARA) Stock Price Up 2.9% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded up 2.9% on Friday . The company traded as high as $12.62 and last traded at $12.09. 12,898,795 shares traded hands during trading, a decline of 72% from the average session volume of 45,370,194 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of analyst reports. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities began coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.80.

MARA Stock Down 2.9 %

The firm has a market cap of $4.35 billion, a PE ratio of 15.92 and a beta of 6.10. 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 has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $17.66.

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MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company'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 value of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,710 shares of company stock worth $1,209,825. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of institutional investors have recently modified their holdings of MARA. Spire Wealth Management grew 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 in the last quarter. United Services Automobile Association raised its holdings in MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider's stock valued at $320,000 after acquiring an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after purchasing an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in MARA by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider's stock worth $244,000 after buying an additional 992 shares during the last quarter. Hedge funds and other institutional investors 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.