MARA (NASDAQ:MARA) Shares Up 4.4% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price rose 4.4% during trading on Wednesday . The stock traded as high as $18.62 and last traded at $18.12. Approximately 17,317,898 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 33,689,863 shares. The stock had previously closed at $17.36.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MARA. B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price objective on the stock. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and upped their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. 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 target price for the company. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and a consensus target price of $25.80.

MARA Stock Up 4.6 %

The company has a market cap of $5.84 billion, a PE ratio of 22.97 and a beta of 5.76. The stock has a 50-day moving average of $21.63 and a 200-day moving average of $19.16. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its 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). The business had revenue of $131.60 million during 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 revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Sell-side analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares of the company's stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company's stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,410 shares of company stock valued at $2,485,329 over the last three months. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of MARA. Private Advisor Group LLC lifted its holdings in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock worth $3,669,000 after acquiring an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MARA by 8.9% in 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. Mutual of America Capital Management LLC boosted its position in MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock valued at $3,308,000 after buying an additional 107,963 shares during the period. Everence Capital Management Inc. bought a new position in shares of MARA during the third quarter valued at about $640,000. Finally, Weiss Asset Management LP purchased a new position in shares of MARA in the third quarter worth about $1,557,000. 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.