MARA (NASDAQ:MARA) Trading 7.8% Higher – Still a Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded up 7.8% on Thursday . The stock traded as high as $27.32 and last traded at $26.92. 87,699,203 shares traded hands during trading, an increase of 56% from the average session volume of 56,155,012 shares. The stock had previously closed at $24.97.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays started coverage on shares of MARA in a research report on Monday. They issued an “equal weight” rating and a $27.00 price target on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.33.

MARA Stock Up 7.8 %

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.66 billion, a P/E ratio of 34.08 and a beta of 5.52. The stock’s fifty day moving average price is $18.65 and its 200 day moving average price is $18.88.

MARA (NASDAQ:MARA) last released 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 company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,822 shares of company stock worth $2,702,877. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

A number of large investors have recently bought and sold shares of MARA. Financial Advocates Investment Management increased its holdings in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares during the period. Ranch Capital Advisors Inc. grew its position in shares of MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after buying an additional 780 shares during the last quarter. Larson Financial Group LLC lifted its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC lifted its position in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the period. 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.