MARA (NASDAQ:MARA) Stock Price Up 0.4% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares rose 0.4% during mid-day trading on Thursday . The stock traded as high as $17.55 and last traded at $17.10. 10,243,604 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 36,767,145 shares. The stock had previously closed at $17.03.

Analyst Ratings Changes

Several research firms have commented on MARA. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a report 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 target on the stock. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

The company has a 50-day moving average of $20.46 and a 200-day moving average of $18.83. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 21.18 and a beta of 5.76. 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 issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This trade represents a 0.82 % 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, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction 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 trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Van ECK Associates Corp boosted its holdings in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after purchasing an additional 570,803 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of MARA by 37.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after purchasing an additional 519,900 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after buying an additional 372,094 shares during the last quarter. Finally, Matauro LLC acquired a new stake in MARA in the fourth quarter valued at $3,676,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.