MARA (NASDAQ:MARA) Trading Up 1.3% - Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares rose 1.3% during mid-day trading on Thursday . The stock traded as high as $24.31 and last traded at $23.57. Approximately 17,547,761 shares traded hands during trading, a decline of 69% from the average daily volume of 56,730,020 shares. The stock had previously closed at $23.27.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MARA shares. HC Wainwright reissued a "buy" rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and increased their target price for the company from $12.00 to $23.00 in a report on Tuesday. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price target on the stock. Finally, Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MARA has a consensus rating of "Hold" and a consensus price target of $24.56.

MARA Trading Down 3.0 %

The company has a market capitalization of $7.27 billion, a PE ratio of 28.58 and a beta of 5.63. The company has a fifty day simple moving average of $20.62 and a 200-day simple moving average of $19.26. 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 released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,622 shares of company stock valued at $2,890,197. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Advocates Investment Management grew its stake in shares of MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock valued at $230,000 after buying an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. boosted its holdings in MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock valued at $269,000 after acquiring an additional 780 shares during the period. Larson Financial Group LLC grew its position 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 acquiring an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock worth $306,000 after purchasing an additional 1,170 shares during the period. Finally, Signaturefd LLC lifted its position in shares of 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 in the last quarter. 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.