MARA (NASDAQ:MARA) Stock Price Up 5.8% - Still a Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) were up 5.8% during trading on Thursday . The company traded as high as $14.25 and last traded at $14.10. Approximately 16,721,586 shares were traded during trading, a decline of 63% from the average daily volume of 44,701,810 shares. The stock had previously closed at $13.33.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, April 24th. Compass Point reiterated a "sell" rating and issued a $9.50 target price (down from $25.00) on shares of MARA in a report on Tuesday. Finally, 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. Two research analysts have rated the stock with a sell rating, five have assigned 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 price target of $20.55.

MARA Stock Up 7.2 %

The company has a 50 day moving average of $13.03 and a 200-day moving average of $17.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $5.03 billion, a P/E ratio of 18.09 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. On average, equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 ownership of the stock. The sale was disclosed in a legal 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 that occurred 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 completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several large investors have recently bought and sold shares of MARA. Vanguard Group Inc. boosted its position in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after purchasing an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after buying an additional 518,503 shares in the last quarter. American Century Companies Inc. grew its position in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp lifted its position in MARA by 18.1% during the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after acquiring an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after acquiring an additional 372,094 shares in the last quarter. 44.53% of the stock is owned by 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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