MARA (NASDAQ:MARA) Shares Up 6.3% – Should You Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded up 6.3% during mid-day trading on Friday . The stock traded as high as $26.50 and last traded at $26.34. 26,500,700 shares traded hands during trading, a decline of 53% from the average session volume of 56,700,871 shares. The stock had previously closed at $24.79.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MARA. Macquarie lifted 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. JPMorgan Chase & Co. dropped their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Barclays initiated coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.33.

MARA Price Performance

The stock has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $19.17. The company has a market capitalization of $8.64 billion, a PE ratio of 33.44 and a beta of 5.63. 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 posted its 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). The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Equities analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,622 shares of company stock valued at $2,906,197 in the last ninety days. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after acquiring an additional 378,542 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Bank of New York Mellon Corp grew its stake in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after acquiring an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.