MARA (NASDAQ:MARA) Trading 8.8% Higher – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded up 8.8% on Monday . The stock traded as high as $20.98 and last traded at $19.91. 88,152,809 shares were traded during trading, an increase of 155% from the average session volume of 34,581,244 shares. The stock had previously closed at $18.30.

Analysts Set New Price Targets

A number of research analysts recently commented on MARA shares. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. One analyst has rated the stock with a sell rating, six 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 $25.67.

MARA Stock Down 1.8 %

The firm has a fifty day moving average price of $21.41 and a 200 day moving average price of $19.09. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 24.76 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 posted its quarterly earnings results 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). 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%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in MARA. Geode Capital Management LLC raised its stake in MARA by 5.6% in 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 purchasing an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after buying an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 217,106 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. Finally, Millennium Management LLC boosted its position in MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after acquiring an additional 149,805 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.