MARA (NASDAQ:MARA) Shares Up 12.2% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 12.2% during mid-day trading on Monday . The company traded as high as $14.00 and last traded at $13.89. 21,395,130 shares were traded during trading, a decline of 53% from the average session volume of 45,758,608 shares. The stock had previously closed at $12.38.

Analyst Upgrades and Downgrades

MARA has been the topic of several recent analyst reports. Piper Sandler reduced their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MARA has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.96 billion, a P/E ratio of 18.16 and a beta of 5.95. The business has a 50-day moving average of $15.97 and a two-hundred day moving average of $18.11.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value 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 $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in MARA. Spire Wealth Management boosted its position in 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 acquiring an additional 599 shares in the last quarter. United Services Automobile Association boosted its position in MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after purchasing an additional 635 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of 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 valued at $33,000 after acquiring an additional 860 shares in the last quarter. Mackenzie Financial Corp boosted its stake in MARA by 5.1% during 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 boosted its holdings in shares of MARA by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after purchasing an additional 992 shares during the last quarter. 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.