MARA (NASDAQ:MARA) Trading Up 4.4% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 4.4% on Wednesday . The stock traded as high as $18.62 and last traded at $18.12. Approximately 17,317,898 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 33,689,863 shares. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MARA shares. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler started 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. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Cantor Fitzgerald assumed coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.80.

MARA Price Performance

The company’s 50-day moving average is $21.61 and its 200-day moving average is $19.15. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 25.20 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. On average, research analysts expect that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,410 shares of company stock valued at $2,485,329. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of MARA by 21.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider’s stock valued at $261,000 after buying an additional 2,712 shares in the last quarter. Lake Hills Wealth Management LLC boosted its holdings in MARA by 27.1% in the 4th quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider’s stock worth $218,000 after acquiring an additional 2,766 shares during the period. Sara Bay Financial grew its position in MARA by 5.3% in the fourth quarter. Sara Bay Financial now owns 122,655 shares of the business services provider’s stock valued at $2,121,000 after acquiring an additional 6,141 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of MARA during the fourth quarter valued at approximately $231,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of MARA during the fourth quarter valued at approximately $397,000. 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.