MARA (NASDAQ:MARA) Stock Price Up 4.1% - Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price was up 4.1% during mid-day trading on Thursday . The company traded as high as $19.54 and last traded at $19.17. Approximately 15,201,111 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 38,585,570 shares. The stock had previously closed at $18.42.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of analyst reports. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and increased their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price on the stock. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and increased their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.67.

MARA Trading Down 1.7 %

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 company's fifty day moving average price is $20.80 and its two-hundred day moving average price is $18.90. The firm has a market cap of $5.99 billion, a PE ratio of 22.34 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,915 shares of company stock valued at $2,980,694. Corporate insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. purchased a new position in shares of MARA in the 2nd quarter valued at $201,000. The Manufacturers Life Insurance Company grew its stake in shares of MARA by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 164,561 shares of the business services provider's stock valued at $3,267,000 after buying an additional 35,802 shares in the last quarter. Creative Planning lifted its position in MARA by 26.4% during the 2nd quarter. Creative Planning now owns 28,890 shares of the business services provider's stock worth $573,000 after acquiring an additional 6,035 shares in the last quarter. Cetera Investment Advisers grew its position in MARA by 58.5% in the second quarter. Cetera Investment Advisers now owns 259,447 shares of the business services provider's stock valued at $5,150,000 after acquiring an additional 95,774 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of MARA by 19.6% in the third quarter. Handelsbanken Fonder AB now owns 70,700 shares of the business services provider's stock valued at $1,147,000 after purchasing an additional 11,600 shares during the period. 44.53% of the stock is 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.