MARA (NASDAQ:MARA) Stock Price Up 1.6% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price shot up 1.6% during mid-day trading on Thursday . The company traded as high as $15.70 and last traded at $15.36. 19,944,722 shares traded hands during trading, a decline of 57% from the average session volume of 46,922,447 shares. The stock had previously closed at $15.12.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MARA. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler dropped their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays reduced their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus target price of $23.78.

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 firm’s fifty day moving average price is $17.18 and its 200 day moving average price is $18.41. The firm has a market capitalization of $5.12 billion, a PE ratio of 19.09 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million for 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, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’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 $392,450.00. Following the completion of the sale, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,915 shares of company stock worth $2,289,443 in the last 90 days. 0.80% of the stock is owned by insiders.

Institutional Trading of MARA

Several hedge funds have recently added to or reduced their stakes in MARA. Beacon Capital Management LLC bought a new stake in shares of MARA in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC bought a new stake in MARA in the 3rd quarter valued at $26,000. Park Square Financial Group LLC acquired a new stake in MARA in the 4th quarter worth $27,000. Sterling Capital Management LLC raised its position 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. Finally, Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% in 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. Institutional investors own 44.53% of the company’s stock.

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.