MARA (NASDAQ:MARA) Stock Price Up 0.2% – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 0.2% during mid-day trading on Wednesday . The company traded as high as $14.37 and last traded at $14.00. Approximately 15,065,277 shares were traded during trading, a decline of 68% from the average daily volume of 47,107,223 shares. The stock had previously closed at $13.97.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MARA shares. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Finally, Barclays dropped their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, MARA has an average rating of “Hold” and a consensus target price of $23.78.

MARA Price Performance

The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 18.87 and a beta of 5.76. The company has a 50-day moving average price of $17.28 and a 200-day moving average price of $18.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,915 shares of company stock valued at $2,289,443. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in MARA in the fourth quarter valued at approximately $46,413,000. Vanguard Group Inc. boosted its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of MARA by 192.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after buying an additional 1,248,292 shares in the last quarter. American Century Companies Inc. increased its holdings in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in MARA during the fourth quarter worth $13,416,000. 44.53% of the stock is owned by institutional investors.

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.