MARA (NASDAQ:MARA) Shares Up 11.8% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 11.8% on Friday . The stock traded as high as $19.28 and last traded at $19.24. Approximately 18,120,589 shares were traded during trading, a decline of 32% from the average daily volume of 26,695,072 shares. The stock had previously closed at $17.21.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MARA shares. Barclays began coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

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 market capitalization of $6.25 billion, a PE ratio of 24.58 and a beta of 5.63. The company’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $19.24.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million during 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%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,615 shares of company stock valued at $3,258,686. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Advocates Investment Management grew its stake in shares of MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after buying an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. boosted its holdings in MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 780 shares during the period. Larson Financial Group LLC grew its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares during the period. Finally, Signaturefd LLC lifted its position in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Hedge funds and other 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.