MARA (NASDAQ:MARA) Trading 6.2% Higher – Should You Buy?

by · The Cerbat Gem

MARA Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s share price shot up 6.2% during mid-day trading on Friday . The company traded as high as $12.92 and last traded at $12.91. 14,979,077 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 46,281,213 shares. The stock had previously closed at $12.16.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler cut their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Rosenblatt Securities began coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.80.

View Our Latest Stock Analysis on MARA

MARA Price Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 16.70 and a beta of 5.95. The company’s 50 day moving average is $16.73 and its 200-day moving average is $18.26.

MARA (NASDAQ:MARA – Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS 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 the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,915 shares of company stock valued at $2,265,643 in the last three months. 0.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MARA

Institutional investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC bought a new position in shares of MARA during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of MARA in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Finally, Sterling Capital Management LLC grew its position in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

MARA Company Profile

(Get Free Report)

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.

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