MARA (NASDAQ:MARA) Stock Price Up 2.5% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 2.5% during mid-day trading on Friday . The stock traded as high as $20.49 and last traded at $20.44. Approximately 14,583,031 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 39,905,098 shares. The stock had previously closed at $19.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MARA shares. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

The stock has a market capitalization of $7.13 billion, a P/E ratio of 26.61 and a beta of 5.76. The business has a fifty day simple moving average of $21.37 and a 200-day simple moving average of $19.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

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 analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for 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%. MARA’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Several large investors have recently bought and sold shares of MARA. Dimensional Fund Advisors LP lifted its stake in MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in MARA by 79.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider’s stock valued at $1,906,000 after acquiring an additional 42,647 shares in the last quarter. Amalgamated Bank lifted its stake in MARA by 1,000.2% during the 2nd quarter. Amalgamated Bank now owns 83,275 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 75,706 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in MARA by 67.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 7,827 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in MARA by 101.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,093 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 14,156 shares in the last quarter. 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.