MARA (NASDAQ:MARA) Trading 8.8% Higher – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) was up 8.8% on Monday . The company traded as high as $20.98 and last traded at $19.91. Approximately 88,152,809 shares changed hands during trading, an increase of 155% from the average daily volume of 34,581,244 shares. The stock had previously closed at $18.30.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Trading Down 1.8 %

The company has a market capitalization of $6.29 billion, a PE ratio of 24.76 and a beta of 5.76. The company has a 50 day simple moving average of $21.41 and a 200 day simple moving average of $19.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings data 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). The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 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 34.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,915 shares of company stock valued at $2,980,694. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

A number of large investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its holdings in MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. purchased a new position in MARA in the third quarter valued at $640,000. Finally, Weiss Asset Management LP acquired a new stake in MARA in the third quarter valued at $1,557,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.