MARA (NASDAQ:MARA) Stock Price Up 2.8% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) traded up 2.8% on Friday . The company traded as high as $12.67 and last traded at $12.66. 19,316,788 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 45,366,511 shares. The stock had previously closed at $12.32.

Analyst Ratings Changes

Several equities research analysts recently commented on MARA shares. JPMorgan Chase & Co. lowered their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. 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 report on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.80.

MARA Stock Up 2.8 %

The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 6.10. The firm has a 50-day moving average of $13.36 and a 200 day moving average of $17.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $187.11 million. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in MARA by 307.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 63,371 shares of the business services provider’s stock worth $729,000 after acquiring an additional 47,826 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of MARA by 21.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,089,562 shares of the business services provider’s stock worth $12,530,000 after purchasing an additional 190,558 shares during the last quarter. Avaii Wealth Management LLC increased its holdings in MARA by 75.2% in the first quarter. Avaii Wealth Management LLC now owns 29,678 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 12,737 shares during the period. Matauro LLC raised its position in MARA by 27.3% during the 1st quarter. Matauro LLC now owns 278,959 shares of the business services provider’s stock worth $3,208,000 after purchasing an additional 59,787 shares during the last quarter. Finally, Tobam grew its position in shares of MARA by 128.1% in the 1st quarter. Tobam now owns 23,435 shares of the business services provider’s stock valued at $270,000 after buying an additional 13,159 shares during the last quarter. 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.