Investors Purchase High Volume of Call Options on MARA (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) saw some unusual options trading activity on Friday. Stock traders bought 487,019 call options on the stock. This is an increase of approximately 49% compared to the typical daily volume of 327,875 call options.

Insider Activity at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on 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 owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,410 shares of company stock valued at $2,485,329. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently modified their holdings of MARA. Truvestments Capital LLC bought a new position in MARA in the 3rd quarter worth about $26,000. Larson Financial Group LLC lifted 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 worth $31,000 after buying an additional 1,062 shares in the last quarter. Signaturefd LLC increased its position in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MARA during the third quarter valued at approximately $50,000. Finally, Tobam raised its holdings in MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after acquiring an additional 4,880 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MARA. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Barclays initiated coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Trading Up 8.8 %

Shares of NASDAQ MARA opened at $19.91 on Friday. MARA has a 1 year low of $13.16 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a 50-day moving average of $21.63 and a 200 day moving average of $19.12. The stock has a market cap of $6.41 billion, a P/E ratio of 25.20 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its 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 net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, sell-side analysts expect that MARA will post -1.09 EPS for the current fiscal year.

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.