MARA (NASDAQ:MARA) Shares Up 2.5% - Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price shot up 2.5% during mid-day trading on Monday . The stock traded as high as $16.69 and last traded at $16.15. 26,494,452 shares were traded during mid-day trading, a decline of 41% from the average session volume of 44,899,028 shares. The stock had previously closed at $15.76.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Piper Sandler decreased their price target on shares of MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, MARA has an average rating of "Hold" and an average price target of $20.50.

MARA Price Performance

The company has a market capitalization of $5.61 billion, a P/E ratio of 20.19 and a beta of 6.82. The business's 50-day simple moving average is $13.08 and its 200 day simple moving average is $17.23. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million for the quarter, compared to the consensus estimate of $234.19 million. During the same quarter last year, the firm posted $1.26 earnings per share. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On MARA

Hedge funds have recently made changes to their positions in the business. Beacon Capital Management LLC acquired a new position in shares of MARA in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of MARA during the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC raised its holdings in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares during the period. 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.

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