MARA (NASDAQ:MARA) Stock Price Up 1.8% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was up 1.8% during trading on Friday . The stock traded as high as $15.78 and last traded at $15.36. Approximately 19,500,362 shares changed hands during trading, a decline of 58% from the average daily volume of 46,850,982 shares. The stock had previously closed at $15.09.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MARA shares. Piper Sandler reduced their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Compass Point lowered 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 report on Thursday, November 21st. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $23.30.

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MARA Trading Up 6.2 %

The firm has a 50-day moving average of $17.05 and a 200-day moving average of $18.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market capitalization of $5.54 billion, a P/E ratio of 20.28 and a beta of 5.95.

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

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,915 shares of company stock worth $2,289,443. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of MARA by 8.9% in the 3rd 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 purchasing an additional 217,106 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of MARA by 112.4% in the 3rd 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 purchasing an additional 107,963 shares during the period. Weiss Asset Management LP purchased a new position in shares of MARA in the 3rd quarter valued at approximately $1,557,000. Intech Investment Management LLC purchased a new position in shares of MARA in the 3rd quarter valued at approximately $1,107,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of MARA by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider's stock valued at $10,135,000 after purchasing an additional 24,300 shares during the period. 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.