MARA (NASDAQ:MARA) Stock Price Up 3.3% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price shot up 3.3% during trading on Monday . The company traded as high as $20.55 and last traded at $20.28. 21,830,501 shares were traded during mid-day trading, a decline of 37% from the average session volume of 34,447,090 shares. The stock had previously closed at $19.64.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MARA. Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average price target of $25.80.

MARA Trading Up 2.9 %

The business’s 50 day simple moving average is $21.50 and its 200-day simple moving average is $19.23. 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 stock has a market capitalization of $6.50 billion, a P/E ratio of 25.57 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company 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 revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 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 value of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. 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 ninety days. 0.97% of the stock is owned by insiders.

Institutional Trading of MARA

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in shares of MARA during the third quarter worth $26,000. Larson Financial Group LLC boosted its stake 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 worth $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC increased 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 worth $48,000 after purchasing an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA in the 3rd quarter valued at about $50,000. Finally, Tobam lifted its holdings in shares of MARA by 173.0% in 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. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.