MARA (NASDAQ:MARA) Trading Up 12.2% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price traded up 12.2% on Monday . The company traded as high as $14.00 and last traded at $13.89. 21,395,130 shares were traded during trading, a decline of 53% from the average session volume of 45,758,608 shares. The stock had previously closed at $12.38.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MARA shares. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Thursday, February 27th. Barclays cut 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. Piper Sandler reduced their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Rosenblatt Securities initiated coverage on MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and an average price target of $22.80.

MARA Stock Down 0.4 %

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 firm has a 50 day moving average of $15.76 and a 200 day moving average of $18.09. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 17.38 and a beta of 5.95.

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MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm 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%. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new stake in shares of MARA during the third quarter valued at about $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA in the fourth quarter worth about $26,000. Park Square Financial Group LLC bought a new position in shares of MARA during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% during 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 in the last quarter. Finally, Sterling Capital Management LLC grew its stake in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares during the period. 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.