MARA (NASDAQ:MARA) Trading 6.6% Higher – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 6.6% during trading on Monday . The stock traded as high as $26.91 and last traded at $26.43. Approximately 72,455,844 shares were traded during trading, a decline of 20% from the average daily volume of 91,132,560 shares. The stock had previously closed at $24.79.

Analyst Ratings Changes

Several research analysts have weighed in on MARA shares. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.33.

MARA Price Performance

The business has a fifty day moving average price of $20.01 and a 200 day moving average price of $19.17. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 33.46 and a beta of 5.63. 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 earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,622 shares of company stock worth $2,906,197. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Large investors have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new position in MARA during the second quarter worth $293,000. AlphaMark Advisors LLC purchased a new position in shares of MARA during the second quarter valued at approximately $379,000. Assenagon Asset Management S.A. bought a new stake in MARA during the second quarter worth $1,890,000. Brookstone Capital Management raised its position in MARA by 17.9% in the 2nd quarter. Brookstone Capital Management now owns 98,166 shares of the business services provider’s stock valued at $1,949,000 after buying an additional 14,879 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in MARA by 56.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 57,931 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 20,861 shares in the last quarter. 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.