MARA (NASDAQ:MARA) Stock Price Up 8.8% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 8.8% on Monday . The company traded as high as $20.98 and last traded at $19.91. Approximately 88,152,809 shares were traded during trading, an increase of 155% from the average daily volume of 34,581,244 shares. The stock had previously closed at $18.30.

Analysts Set New Price Targets

MARA has been the topic of several research analyst reports. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Barclays began coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

The stock has a market cap of $6.41 billion, a PE ratio of 25.20 and a beta of 5.76. The firm’s 50-day moving average price is $21.63 and its two-hundred day moving average price is $19.10. The company has a current ratio of 4.00, a quick 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 analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities analysts expect that MARA Holdings, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,410 shares of company stock worth $2,485,329 in the last three months. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently made changes to their positions in MARA. Truvestments Capital LLC purchased a new position in MARA in the third quarter worth approximately $26,000. Larson Financial Group LLC increased its holdings 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 acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC increased its stake in MARA by 74.8% in the third 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 acquired a new position in shares of MARA in the 3rd quarter valued at $50,000. Finally, Tobam grew its position in shares of MARA by 173.0% in the 3rd 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 during the last quarter. Hedge funds and other 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.