MARA (NASDAQ:MARA) Stock Price Up 22.6% – Time to Buy?

MARA Holdings, Inc. (NASDAQ:MARA) shares rose 22.6% during trading on Monday . The company traded as high as $23.80 and last traded at $23.60. Approximately 43,903,293 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 53,449,809 shares. The stock had previously closed at $19.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, Macquarie started coverage on MARA in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.57.

MARA Stock Down 14.0 %

The firm has a 50-day moving average price of $16.95 and a two-hundred day moving average price of $18.52. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 30.23 and a beta of 5.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,524,546 in the last quarter. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of MARA in the 3rd quarter valued at about $26,000. Beaird Harris Wealth Management LLC raised its stake in MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after buying an additional 695 shares during the period. Larson Financial Group LLC lifted its position 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 last quarter. Signaturefd LLC boosted its stake in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter worth approximately $50,000. 44.53% of the stock is owned by institutional investors.

MARA Company Profile

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.