MARA (NASDAQ:MARA) Trading 6.2% Higher – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) traded up 6.2% during trading on Friday . The stock traded as high as $12.92 and last traded at $12.91. 14,979,077 shares changed hands during trading, a decline of 68% from the average session volume of 46,281,213 shares. The stock had previously closed at $12.16.

Analyst Ratings Changes

Several research analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Barclays dropped their price objective 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, March 3rd. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Piper Sandler dropped their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.80.

MARA Price 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 fifty day moving average of $16.60 and a two-hundred day moving average of $18.23. The stock has a market capitalization of $4.56 billion, a P/E ratio of 16.68 and a beta of 5.95.

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

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,915 shares of company stock worth $2,265,643. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of large investors have recently modified their holdings of the business. Park Square Financial Group LLC purchased a new stake in shares of MARA during the fourth quarter worth about $27,000. United Advisor Group LLC grew its stake in shares of MARA by 64.5% during the fourth quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock worth $855,000 after acquiring an additional 20,007 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of MARA during the fourth quarter worth about $13,416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MARA by 33.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider’s stock worth $9,717,000 after acquiring an additional 145,953 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.