MARA (NASDAQ:MARA) Trading Up 4.1% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shot up 4.1% during mid-day trading on Thursday . The company traded as high as $19.54 and last traded at $19.17. 15,201,111 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 38,585,570 shares. The stock had previously closed at $18.42.

Analyst Ratings Changes

A number of research firms have recently commented on MARA. Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Up 4.1 %

The stock’s fifty day simple moving average is $21.22 and its 200-day simple moving average is $19.08. The stock has a market capitalization of $6.51 billion, a PE ratio of 24.28 and a beta of 5.76. 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 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the company posted ($0.05) EPS. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,915 shares of company stock worth $2,980,694. 0.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

A number of large investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of MARA during the third quarter worth about $26,000. Beacon Capital Management LLC purchased a new stake in MARA during the fourth quarter valued at about $26,000. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the period. Finally, Signaturefd LLC boosted its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the period. 44.53% of the stock is currently owned by institutional investors.

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.