MARA (NASDAQ:MARA) Shares Up 8.7% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares shot up 8.7% on Friday . The stock traded as high as $16.15 and last traded at $15.53. 41,359,398 shares were traded during trading, a decline of 8% from the average session volume of 44,848,690 shares. The stock had previously closed at $14.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MARA shares. Compass Point reaffirmed a "sell" rating and issued a $9.50 target price (down previously from $25.00) on shares of MARA in a research report on Tuesday. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. Piper Sandler dropped their target price on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday. Barclays reduced their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.50.

MARA Stock Performance

The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 19.67 and a beta of 6.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm's 50 day moving average is $13.04 and its 200-day moving average is $17.27.

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

Insider Buying and Selling

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

Institutional Trading of MARA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of MARA during the fourth quarter worth approximately $46,413,000. Vanguard Group Inc. lifted its position in shares of MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after acquiring an additional 2,706,271 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of MARA in the 1st quarter valued at approximately $14,810,000. Price T Rowe Associates Inc. MD grew its stake in MARA by 192.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock valued at $31,817,000 after acquiring an additional 1,248,292 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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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