MARA (NASDAQ:MARA) Trading 1.3% Higher – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) was up 1.3% during mid-day trading on Thursday . The company traded as high as $14.00 and last traded at $13.97. Approximately 8,080,882 shares traded hands during trading, a decline of 82% from the average daily volume of 45,575,467 shares. The stock had previously closed at $13.79.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MARA shares. Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Rosenblatt Securities assumed coverage on shares of MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 8.6 %

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 company’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $18.04. The firm has a market cap of $4.31 billion, a PE ratio of 15.78 and a beta of 5.95.

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

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new position in shares of MARA in the 3rd quarter valued at $255,000. Charles Schwab Investment Management Inc. increased its holdings in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Cerity Partners LLC raised its position in MARA by 97.4% in the third quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock valued at $435,000 after purchasing an additional 13,232 shares during the period. Larson Financial Group LLC raised its position 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 purchasing an additional 1,062 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth about $26,000. 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.