MARA (NASDAQ:MARA) Trading Up 12.2% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 12.2% during mid-day trading on Monday . The company traded as high as $14.00 and last traded at $13.89. Approximately 21,395,130 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 45,758,608 shares. The stock had previously closed at $12.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MARA shares. JPMorgan Chase & Co. lowered their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Piper Sandler lowered their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average target price of $22.80.

MARA Price Performance

The firm has a market capitalization of $4.93 billion, a PE ratio of 18.04 and a beta of 5.95. 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 fifty day moving average price of $15.85 and a two-hundred day moving average price of $18.12.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’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 value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock worth $1,226,825 in the last 90 days. 0.80% of the stock is owned by insiders.

Institutional Trading of MARA

Several hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the period. Weiss Asset Management LP acquired a new stake in shares of MARA in the 3rd quarter valued at approximately $1,557,000. Intech Investment Management LLC purchased a new stake in shares of MARA in the third quarter valued at approximately $1,107,000. Public Sector Pension Investment Board grew its holdings in MARA by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after acquiring an additional 24,300 shares during the period. Finally, Capital Advisors Inc. OK purchased a new position in MARA in the fourth quarter worth $699,000. Institutional investors and hedge funds 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.