MARA (NASDAQ:MARA) Shares Up 2.9% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded up 2.9% on Friday . The company traded as high as $12.62 and last traded at $12.09. 12,898,795 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 45,370,194 shares. The stock had previously closed at $11.74.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MARA. JPMorgan Chase & Co. decreased their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities began coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.80.

MARA Trading Up 6.6 %

The firm has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The firm has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $17.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In related 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 value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in MARA in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of MARA in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its holdings in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its position in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the period. Finally, Spire Wealth Management boosted its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the period. 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.