MARA (NASDAQ:MARA) Trading Up 4.7% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded up 4.7% during mid-day trading on Wednesday . The company traded as high as $20.27 and last traded at $20.15. 20,546,449 shares were traded during trading, a decline of 64% from the average session volume of 56,557,246 shares. The stock had previously closed at $19.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MARA shares. HC Wainwright restated 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 company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated 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. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.80.

MARA Trading Up 4.7 %

The business’s fifty day moving average is $21.51 and its 200 day moving average is $19.32. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.48 billion, a PE ratio of 25.51 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS. As a group, analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 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 value of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares during the last quarter. Franklin Resources Inc. lifted its position in MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 12,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in MARA by 4.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock worth $1,292,000 after purchasing an additional 3,200 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of MARA by 14.1% in the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after purchasing an additional 2,418 shares in the last quarter. Institutional investors and hedge funds 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.