MARA (NASDAQ:MARA) Stock Price Up 1.8% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded up 1.8% on Friday . The stock traded as high as $15.78 and last traded at $15.36. 19,500,362 shares traded hands during trading, a decline of 58% from the average session volume of 46,850,982 shares. The stock had previously closed at $15.09.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Finally, Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average price target of $23.30.

MARA Stock Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95. The business’s 50 day moving average is $17.05 and its two-hundred day moving average is $18.38.

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, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,915 shares of company stock valued at $2,289,443 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in MARA during the third quarter worth approximately $26,000. Beacon Capital Management LLC purchased a new stake in MARA in the 4th quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in MARA in the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its position 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 period. Finally, Sterling Capital Management LLC grew its stake in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other 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.