MARA (NASDAQ:MARA) Shares Up 0.5% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was up 0.5% during mid-day trading on Tuesday . The company traded as high as $25.58 and last traded at $24.68. Approximately 22,655,700 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 56,684,656 shares. The stock had previously closed at $24.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler started coverage on shares of MARA in a research note on Tuesday. They set an "overweight" rating and a $34.00 price objective on the stock. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut MARA from a "buy" rating to a "neutral" rating and raised their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, MARA has a consensus rating of "Hold" and a consensus price target of $25.50.

MARA Stock Up 0.2 %

The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 31.28 and a beta of 5.63. 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 $20.92 and a 200-day moving average price of $19.29.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. During the same period last year, the business earned ($0.05) earnings per share. The business's revenue was up 34.4% on a year-over-year basis. As a group, equities analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the company's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now directly owns 2,029,647 shares of the company's stock, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,922 shares of company stock worth $2,651,807. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MARA. Private Advisor Group LLC lifted its holdings in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock valued at $3,669,000 after buying 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 valued at $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of MARA during the 3rd quarter worth $640,000. Finally, Weiss Asset Management LP bought a new position in shares of MARA during the 3rd quarter valued at $1,557,000. 44.53% of the stock is owned by institutional investors and hedge funds.

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.