MARA (NASDAQ:MARA) Stock Price Up 2.4% – Should You Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded up 2.4% on Thursday . The stock traded as high as $13.11 and last traded at $12.83. 10,450,053 shares traded hands during trading, a decline of 77% from the average session volume of 45,956,438 shares. The stock had previously closed at $12.53.

Analyst Upgrades and Downgrades

MARA has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, 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 note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 1.0 %

The firm has a fifty day moving average of $15.97 and a 200 day moving average of $18.06. The firm has a market capitalization of $4.28 billion, a PE ratio of 15.67 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last posted 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 company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated 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 transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares during the last quarter. United Services Automobile Association boosted its stake in MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 860 shares during the period. Mackenzie Financial Corp grew its position in MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after purchasing an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of MARA by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 992 shares during the period. 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.