MARA (NASDAQ:MARA) Shares Up 4.4% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 4.4% during mid-day trading on Thursday . The company traded as high as $20.19 and last traded at $20.55. 19,850,772 shares were traded during mid-day trading, a decline of 50% from the average session volume of 39,413,406 shares. The stock had previously closed at $19.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Up 0.2 %

The firm’s 50-day moving average price is $21.33 and its 200 day moving average price is $19.10. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 25.30 and a beta of 5.76. 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) last announced its quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the business posted ($0.05) EPS. The company’s revenue was up 34.4% on a year-over-year basis. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,915 shares of company stock worth $2,980,694. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted its position in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 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, Spire Wealth Management increased its position in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares during the last quarter. 44.53% of the stock is owned by institutional investors.

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.