MARA (NASDAQ:MARA) Shares Up 2.7% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 2.7% during trading on Thursday . The stock traded as high as $25.75 and last traded at $23.25. Approximately 73,138,047 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 54,931,949 shares. The stock had previously closed at $22.63.

Analyst Upgrades and Downgrades

MARA has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research report on Thursday. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.88.

MARA Stock Performance

The stock has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $18.70. The stock has a market cap of $8.38 billion, a P/E ratio of 32.95 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 27.48% and a negative return on equity of 8.40%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. Research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,622 shares of company stock worth $2,399,805. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of large investors have recently modified their holdings of MARA. Truvestments Capital LLC purchased a new position in shares of MARA during the third quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC lifted its holdings in MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after acquiring an additional 695 shares during the period. Larson Financial Group LLC boosted its position in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC grew its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of MARA during the 3rd quarter valued at $50,000. 44.53% of the stock is currently owned by institutional investors.

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.