MARA (NASDAQ:MARA) Trading 0.8% Higher – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded up 0.8% on Monday . The stock traded as high as $17.17 and last traded at $16.90. 8,800,122 shares were traded during trading, a decline of 76% from the average session volume of 36,309,293 shares. The stock had previously closed at $16.77.

Analyst Ratings Changes

MARA has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Barclays began coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.67.

MARA Stock Performance

The stock has a market capitalization of $5.51 billion, a P/E ratio of 20.56 and a beta of 5.76. 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 50-day moving average price of $19.68 and a two-hundred day moving average price of $18.67.

MARA (NASDAQ:MARA) last announced its 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 business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’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 transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,915 shares of company stock worth $2,956,634 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of MARA in the 3rd quarter valued at $26,000. Beacon Capital Management LLC bought a new stake in MARA in the fourth quarter worth $26,000. Larson Financial Group LLC boosted its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the period. 44.53% of the stock is currently owned by 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.