MARA (NASDAQ:MARA) Shares Up 0.5% – Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares shot up 0.5% on Monday . The company traded as high as $12.27 and last traded at $11.36. 20,375,009 shares changed hands during trading, a decline of 55% from the average session volume of 45,358,840 shares. The stock had previously closed at $11.30.

Analysts Set New Price Targets

MARA has been the subject of several research reports. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Piper Sandler lowered their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, MARA has an average rating of “Hold” and an average price target of $22.80.

MARA Price Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.89 billion, a PE ratio of 14.25 and a beta of 6.10. The stock has a 50-day moving average price of $14.57 and a 200 day moving average price of $17.90.

MARA (NASDAQ:MARA) last issued its quarterly 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 analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 sold 72,710 shares of company stock valued at $1,226,825 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. GAMMA Investing LLC lifted its stake in shares of MARA by 708.0% in the first quarter. GAMMA Investing LLC now owns 103,776 shares of the business services provider’s stock worth $1,193,000 after buying an additional 90,932 shares in the last quarter. Milestone Asset Management Group LLC purchased a new stake in MARA during the 4th quarter valued at about $429,000. Wellington Management Group LLP raised its holdings in MARA by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock valued at $12,015,000 after acquiring an additional 677,199 shares during the last quarter. California State Teachers Retirement System lifted its stake in MARA by 2.9% in the 4th quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after purchasing an additional 7,864 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in MARA in the 4th quarter worth approximately $27,000. 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.