MARA (NASDAQ:MARA) Stock Price Up 11.4% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price rose 11.4% during mid-day trading on Wednesday . The company traded as high as $22.15 and last traded at $22.12. Approximately 39,106,941 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 54,447,527 shares. The stock had previously closed at $19.86.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.88.

MARA Trading Down 2.8 %

The business’s 50 day simple moving average is $17.66 and its two-hundred day simple moving average is $18.67. The stock has a market cap of $7.56 billion, a P/E ratio of 30.35 and a beta of 5.52. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. As a group, analysts expect that MARA Holdings, Inc. will post -0.72 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,622 shares of company stock worth $2,399,805. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after buying an additional 49,062 shares during the period. Everence Capital Management Inc. bought a new stake in MARA in the third quarter valued at $640,000. Rhumbline Advisers increased its stake in MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in MARA in the second quarter valued at $4,498,000. Finally, Public Sector Pension Investment Board bought a new stake in MARA in the second quarter valued at $11,920,000. 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.