MARA (NASDAQ:MARA) Trading Up 2.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded up 2.7% on Thursday . The company traded as high as $18.22 and last traded at $17.23. 16,817,561 shares changed hands during trading, a decline of 70% from the average session volume of 56,140,824 shares. The stock had previously closed at $16.77.

Wall Street Analyst Weigh In

MARA has been the topic of several research analyst reports. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The company has a market cap of $6.32 billion, a P/E ratio of 24.86 and a beta of 5.63. The company’s fifty day moving average is $21.50 and its 200 day moving average is $19.24. 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 posted 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). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. As a group, equities analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in MARA by 15.0% in the second quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock worth $1,621,000 after purchasing an additional 10,674 shares in the last quarter. Rhumbline Advisers increased its stake in shares of MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after acquiring an additional 439,309 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in MARA during the 2nd quarter valued at about $1,314,000. Foundations Investment Advisors LLC boosted its stake in MARA by 13.8% during the second quarter. Foundations Investment Advisors LLC now owns 65,602 shares of the business services provider’s stock worth $1,302,000 after acquiring an additional 7,942 shares in the last quarter. Finally, Impact Partnership Wealth LLC grew its holdings in MARA by 686.5% in the second quarter. Impact Partnership Wealth LLC now owns 18,372 shares of the business services provider’s stock worth $365,000 after purchasing an additional 16,036 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.