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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares rose 1.8% on Wednesday . The stock traded as high as $10.98 and last traded at $10.71. Approximately 12,721,691 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 45,286,257 shares. The stock had previously closed at $10.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.80.

MARA Trading Up 6.6 %

The firm has a fifty day moving average price of $13.77 and a 200-day moving average price of $17.69. The company has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

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MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The transaction 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 MARA stock in a transaction that occurred 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 in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Large investors have recently modified their holdings of the business. Beacon Capital Management LLC purchased a new stake in shares of MARA during the fourth quarter worth $26,000. Park Square Financial Group LLC bought a new position in MARA in the 4th quarter worth about $27,000. Sterling Capital Management LLC grew its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after buying an additional 860 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares in the last quarter. Hedge funds and other 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.