MARA (NASDAQ:MARA) Stock Price Up 7.1% - Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was up 7.1% during trading on Friday . The stock traded as high as $16.11 and last traded at $15.94. Approximately 19,997,890 shares traded hands during trading, a decline of 56% from the average daily volume of 44,943,275 shares. The stock had previously closed at $14.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Compass Point restated a "sell" rating and issued a $9.50 target price (down from $25.00) on shares of MARA in a research note on Tuesday, May 6th. Barclays boosted their price objective on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Rosenblatt Securities increased their target price on MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Piper Sandler reduced 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. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, MARA currently has an average rating of "Hold" and a consensus target price of $20.83.

MARA Stock Up 7.1%

The firm's fifty day moving average is $13.87 and its two-hundred day moving average is $16.76. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 20.17 and a beta of 6.82. 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 - 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 analysts' consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. During the same quarter in the prior year, the business earned $1.26 EPS. MARA's revenue was up 29.5% compared to the same quarter last year. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.68, for a total value of $261,856.00. Following the completion of the transaction, the chief financial officer now owns 1,598,943 shares in the company, valued at $25,071,426.24. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of MARA stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the transaction, the chief executive officer now directly owns 4,146,804 shares in the company, valued at $62,202,060. This represents a 1.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,615 shares of company stock valued at $2,067,284. Corporate insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in MARA by 10.0% in the 1st quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider's stock worth $10,549,000 after purchasing an additional 83,242 shares during the period. Strs Ohio purchased a new position in MARA during the 1st quarter valued at about $363,000. Intech Investment Management LLC increased its holdings in shares of MARA by 14.5% in the 1st quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider's stock valued at $1,848,000 after purchasing an additional 20,413 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of MARA by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider's stock valued at $7,398,000 after purchasing an additional 63,903 shares during the period. Finally, United Services Automobile Association lifted its position in shares of MARA by 8.2% in the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider's stock worth $257,000 after purchasing an additional 1,569 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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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