MARA (NASDAQ:MARA) Trading 2.4% Higher – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 2.4% on Tuesday . The company traded as high as $18.13 and last traded at $17.61. 13,438,223 shares changed hands during trading, a decline of 60% from the average session volume of 33,374,633 shares. The stock had previously closed at $17.19.

Analyst Ratings Changes

A number of analysts have recently commented on MARA shares. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Finally, Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.76 and a beta of 5.76. The firm has a fifty day simple moving average of $21.64 and a 200 day simple moving average of $19.19.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. On average, analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,615 shares of company stock valued at $3,241,916. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Fiduciary Alliance LLC purchased a new position in shares of MARA during the 4th quarter worth $397,000. GAMMA Investing LLC boosted its stake in MARA by 102.0% during the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock worth $215,000 after buying an additional 6,485 shares during the period. Principal Financial Group Inc. increased its position 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 acquiring an additional 37,150 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after acquiring an additional 12,157 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of MARA by 4.2% during 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 period. Institutional investors and hedge funds 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.