MARA (NASDAQ:MARA) Trading Up 0.5% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 0.5% during mid-day trading on Tuesday . The stock traded as high as $25.58 and last traded at $24.68. Approximately 22,655,700 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 56,684,656 shares. The stock had previously closed at $24.56.

Wall Street Analyst Weigh In

Several analysts have issued reports on MARA shares. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. 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. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One 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 stock. According to MarketBeat.com, MARA has a consensus rating of “Hold” and an average target price of $25.50.

MARA Stock Performance

The company has a 50-day moving average of $20.92 and a 200 day moving average of $19.29. 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 firm has a market capitalization of $7.98 billion, a PE ratio of 31.24 and a beta of 5.63.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 analysts’ expectations of $140.26 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. Equities research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,922 shares of company stock worth $2,651,807 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently modified their holdings of MARA. Truvestments Capital LLC bought a new stake in shares of MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC lifted its stake in shares of MARA by 74.8% in the 3rd 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 bought a new stake in shares of MARA in the 3rd quarter valued at 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 acquiring an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.