MARA (NASDAQ:MARA) Stock Price Up 1.9% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 1.9% on Wednesday . The company traded as high as $12.87 and last traded at $12.66. Approximately 12,041,798 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 34,062,797 shares. The stock had previously closed at $12.42.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. 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 report on Thursday, November 21st. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.67.

MARA Stock Down 0.4 %

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 company has a market cap of $4.20 billion, a price-to-earnings ratio of 15.65 and a beta of 5.76. The business’s 50 day simple moving average is $17.96 and its 200-day simple moving average is $18.50.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction 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, December 16th. The shares were sold at an average price of $23.50, for a total transaction 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 $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,015 shares of company stock worth $2,237,086. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently modified their holdings of MARA. Creative Planning increased its position in MARA by 17.2% during the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after buying an additional 4,974 shares during the period. Signaturefd LLC increased its position in 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 acquiring an additional 1,273 shares during the period. International Assets Investment Management LLC raised its stake in MARA by 1,522.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock worth $317,000 after purchasing an additional 18,355 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MARA by 50.4% in the third quarter. Assenagon Asset Management S.A. now owns 143,188 shares of the business services provider’s stock valued at $2,323,000 after buying an additional 47,965 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of MARA by 3.7% in the third quarter. Louisiana State Employees Retirement System now owns 142,400 shares of the business services provider’s stock worth $2,310,000 after purchasing an additional 5,100 shares during the period. 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.