MARA (NASDAQ:MARA) Trading Up 10.4% - Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price rose 10.4% during mid-day trading on Tuesday . The company traded as high as $13.64 and last traded at $13.56. Approximately 23,279,593 shares were traded during trading, a decline of 49% from the average daily volume of 45,248,447 shares. The stock had previously closed at $12.29.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Barclays reduced their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.80.

MARA Price Performance

The company has a market capitalization of $4.95 billion, a PE ratio of 18.10 and a beta of 6.10. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $13.08 and its 200-day moving average is $17.49.

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

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's 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 transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

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