MARA (NASDAQ:MARA) Sees Strong Trading Volume – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) saw strong trading volume on Thursday . 31,744,855 shares were traded during trading, a decline of 42% from the previous session’s volume of 54,748,793 shares.The stock last traded at $25.51 and had previously closed at $22.63.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Compass Point downgraded 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 report on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.88.

MARA Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market cap of $7.99 billion, a PE ratio of 29.43 and a beta of 5.52. The company’s 50-day simple moving average is $17.66 and its 200 day simple moving average is $18.67.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, sell-side analysts predict that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,622 shares of company stock valued at $2,399,805. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of MARA by 1.9% in the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of MARA by 4.1% during the first quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after purchasing an additional 881 shares during the period. American International Group Inc. raised its holdings in shares of MARA by 4.3% during the first quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock worth $2,495,000 after purchasing an additional 4,593 shares during the period. Natixis acquired a new stake in shares of MARA during the first quarter worth $177,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of MARA during the first quarter worth $249,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

About MARA

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.