MARA (NASDAQ:MARA) Stock Price Up 12.7% – Still a Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 12.7% on Friday . The stock traded as high as $20.68 and last traded at $20.63. Approximately 28,702,185 shares traded hands during trading, a decline of 16% from the average daily volume of 34,086,496 shares. The stock had previously closed at $18.30.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research reports. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Stock Up 8.8 %

The company has a market cap of $6.41 billion, a PE ratio of 25.20 and a beta of 5.76. The stock has a 50-day moving average of $21.63 and a 200-day moving average of $19.12. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s revenue was up 34.4% on a year-over-year basis. Sell-side analysts predict that MARA Holdings, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,410 shares of company stock worth $2,485,329 over the last three months. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in shares of MARA by 21.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 2,712 shares during the last quarter. Lake Hills Wealth Management LLC boosted its position in MARA by 27.1% during the fourth quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider’s stock valued at $218,000 after buying an additional 2,766 shares during the period. Sara Bay Financial grew its stake in shares of MARA by 5.3% during the fourth quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock valued at $2,121,000 after buying an additional 6,141 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of MARA in the fourth quarter worth about $231,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of MARA in the 4th quarter valued at about $397,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.