MARA (NASDAQ:MARA) Stock Price Up 12.7% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price rose 12.7% on Friday . The company traded as high as $20.68 and last traded at $20.63. Approximately 28,702,185 shares were traded during trading, a decline of 16% from the average daily volume of 34,086,496 shares. The stock had previously closed at $18.30.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Compass Point downgraded 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 report on Thursday, November 21st. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Barclays started coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The company has a market capitalization of $6.42 billion, a PE ratio of 25.73 and a beta of 5.76. The firm’s 50-day simple moving average is $21.61 and its 200-day simple moving average is $19.15. 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 announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, research analysts predict that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Truvestments Capital LLC purchased a new stake in shares of MARA during the third quarter worth about $26,000. Larson Financial Group LLC boosted its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC grew its position in 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 purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in MARA during the 3rd quarter valued at approximately $50,000. Finally, Tobam raised its holdings in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other 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.