MARA (NASDAQ:MARA) Stock Price Up 3.3% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 3.3% on Monday . The stock traded as high as $20.55 and last traded at $20.28. Approximately 21,830,501 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 34,447,090 shares. The stock had previously closed at $19.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MARA shares. Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

The stock’s 50-day moving average price is $21.50 and its 200 day moving average price is $19.23. 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 has a market cap of $6.50 billion, a P/E ratio of 25.57 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its 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 negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the business earned ($0.05) EPS. The business’s revenue was up 34.4% compared to the same quarter last year. As a group, research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business’s 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 sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,615 shares of company stock worth $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Dimensional Fund Advisors LP increased its stake in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of MARA in the 2nd quarter worth approximately $11,920,000. Rhumbline Advisers lifted its position in shares of MARA by 126.5% during the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after buying an additional 439,309 shares during the period. Geode Capital Management LLC boosted its stake in MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in MARA in the second quarter valued at $4,498,000. Institutional investors own 44.53% of the company’s stock.

About MARA

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.