MARA (NASDAQ:MARA) Stock Price Up 10% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shot up 10% during trading on Friday . The stock traded as high as $29.79 and last traded at $29.60. 39,662,840 shares traded hands during trading, a decline of 29% from the average session volume of 56,048,445 shares. The stock had previously closed at $26.92.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Barclays initiated coverage on MARA in a research note on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.33.

MARA Price Performance

The stock has a market cap of $8.82 billion, a P/E ratio of 37.47 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $18.93.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,822 shares of company stock valued at $2,702,877. 0.97% of the stock is owned by insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Franklin Resources Inc. grew its position in MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after buying an additional 12,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of MARA by 4.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 3,200 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares in the last quarter. M&T Bank Corp increased its position in shares of MARA by 14.1% in the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after purchasing an additional 2,418 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in MARA in the third quarter valued at approximately $1,072,000. 44.53% of the stock is currently owned by hedge funds and other 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.