MARA (NASDAQ:MARA) Shares Up 4.9% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 4.9% during trading on Wednesday . The stock traded as high as $24.61 and last traded at $23.92. 22,243,664 shares were traded during mid-day trading, a decline of 61% from the average session volume of 56,745,008 shares. The stock had previously closed at $22.81.

Wall Street Analyst Weigh In

Several research firms recently commented on MARA. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $24.56.

MARA Trading Up 2.5 %

The company has a 50 day moving average of $20.32 and a 200-day moving average of $19.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 30.28 and a beta of 5.63.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company 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%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,622 shares of company stock valued at $2,906,197. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MARA. Truvestments Capital LLC purchased a new position in shares of MARA in the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC grew its stake in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of MARA in the third quarter valued at approximately $50,000. Finally, Tobam boosted its stake in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares in the last quarter. 44.53% of the stock is currently 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.