MARA (NASDAQ:MARA) Trading Up 0.5% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 0.5% during mid-day trading on Monday . The stock traded as high as $12.27 and last traded at $11.36. Approximately 20,375,009 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 45,358,840 shares. The stock had previously closed at $11.30.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Thursday, February 27th. Finally, B. Riley lifted their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MARA has an average rating of “Hold” and a consensus target price of $22.80.

MARA Price Performance

The business has a fifty day moving average of $14.00 and a two-hundred day moving average of $17.75. 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 firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.58 and a beta of 6.10.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fiduciary Alliance LLC grew its holdings in shares of MARA by 142.4% during the 1st quarter. Fiduciary Alliance LLC now owns 57,309 shares of the business services provider’s stock worth $659,000 after purchasing an additional 33,663 shares in the last quarter. Mirador Capital Partners LP bought a new stake in MARA during the first quarter worth about $117,000. Rhumbline Advisers grew its stake in MARA by 10.0% during the first quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider’s stock worth $10,549,000 after buying an additional 83,242 shares in the last quarter. GAMMA Investing LLC increased its holdings in MARA by 708.0% in the 1st quarter. GAMMA Investing LLC now owns 103,776 shares of the business services provider’s stock valued at $1,193,000 after buying an additional 90,932 shares during the period. Finally, Milestone Asset Management Group LLC acquired a new stake in shares of MARA during the 4th quarter worth approximately $429,000. 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.