MARA (NASDAQ:MARA) Trading Up 0.8% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price shot up 0.8% during mid-day trading on Thursday . The company traded as high as $18.43 and last traded at $18.29. 12,630,377 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 33,828,637 shares. The stock had previously closed at $18.15.

Analyst Ratings Changes

A number of research firms have issued reports on MARA. Barclays began coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Piper Sandler initiated coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Cantor Fitzgerald initiated coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

The company has a 50-day moving average of $21.63 and a 200 day moving average of $19.14. 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 $6.41 billion, a PE ratio of 25.20 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities research analysts predict that MARA Holdings, Inc. will post -1.09 EPS 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 dated 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 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 the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,410 shares of company stock valued at $2,485,329 over the last 90 days. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in MARA by 21.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 2,712 shares during the last quarter. Lake Hills Wealth Management LLC raised its position in MARA by 27.1% during the 4th quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 2,766 shares during the last quarter. Sara Bay Financial raised its position in MARA by 5.3% during the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock valued at $2,121,000 after purchasing an additional 6,141 shares during the last quarter. Arkadios Wealth Advisors bought a new position in MARA during the 4th quarter valued at approximately $231,000. Finally, Fiduciary Alliance LLC bought a new position in MARA during the 4th quarter valued at approximately $397,000. 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.