MARA (NASDAQ:MARA) Stock Price Up 3.7% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) was up 3.7% during trading on Tuesday . The stock traded as high as $20.19 and last traded at $19.97. Approximately 11,999,379 shares changed hands during trading, a decline of 79% from the average daily volume of 56,514,340 shares. The stock had previously closed at $19.25.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MARA. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. B. Riley boosted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Up 4.7 %

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 company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 25.51 and a beta of 5.63. The firm’s 50-day moving average price is $21.44 and its 200 day moving average price is $19.32.

MARA (NASDAQ:MARA) last released its 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock valued at $3,258,686 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Large investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in MARA in the third quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC boosted 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 valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in MARA during the 3rd quarter worth about $50,000. Finally, Tobam lifted its stake in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 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.