MARA (NASDAQ:MARA) Shares Up 5.8% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded up 5.8% on Wednesday . The company traded as high as $12.48 and last traded at $12.52. 14,872,223 shares traded hands during trading, a decline of 67% from the average session volume of 45,316,920 shares. The stock had previously closed at $11.84.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MARA shares. 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 target for the company. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler lowered their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The firm’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $18.01. The firm has a market capitalization of $4.34 billion, a PE ratio of 15.87 and a beta of 6.09. 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 announced its quarterly earnings data 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. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s 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 owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock worth $1,226,825 over the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of MARA by 97.4% in the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after purchasing an additional 13,232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MARA by 10.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,668 shares of the business services provider’s stock valued at $870,000 after buying an additional 4,895 shares during the last quarter. Captrust Financial Advisors bought a new position in MARA in the third quarter worth approximately $219,000. HighTower Advisors LLC boosted its stake in shares of MARA by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 134,713 shares of the business services provider’s stock worth $2,176,000 after acquiring an additional 11,360 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of MARA during the 3rd quarter valued at $1,557,000. 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.