MARA (NASDAQ:MARA) Trading Up 2.7% – What’s Next?

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MARA. Barclays began coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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 has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $21.50 and a two-hundred day simple moving average of $19.24.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the company earned ($0.05) EPS. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity

In other MARA news, 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 sale, the director now owns 135,756 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock valued at $3,258,686 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently made changes to their positions in MARA. Truvestments Capital LLC bought a new position in MARA in the 3rd quarter worth approximately $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC lifted its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter valued at about $50,000. Finally, Tobam grew its position in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares in the last quarter. 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.