MARA (NASDAQ:MARA) Trading Up 6.8% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were up 6.8% during mid-day trading on Monday . The stock traded as high as $27.80 and last traded at $27.79. Approximately 49,081,512 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 55,535,469 shares. The stock had previously closed at $26.03.

Analyst Ratings Changes

Several brokerages recently commented on MARA. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Barclays began coverage on MARA in a report on Monday. They set an “equal weight” rating and a $27.00 price objective on the stock. Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.33.

MARA Price Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $18.42 and its 200 day moving average is $18.82. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 32.56 and a beta of 5.52.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the firm posted ($0.05) EPS. MARA’s revenue was up 34.4% compared to the same quarter last year. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity at MARA

In other news, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,822 shares of company stock valued at $2,702,877. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in MARA in the 1st quarter valued at $249,000. B. Riley Wealth Advisors Inc. bought a new position in MARA during the first quarter worth about $312,000. Cetera Investment Advisers acquired a new stake in MARA in the 1st quarter worth about $3,696,000. Cetera Advisors LLC boosted its holdings in MARA by 606.5% in the 1st quarter. Cetera Advisors LLC now owns 105,648 shares of the business services provider’s stock valued at $2,386,000 after purchasing an additional 90,695 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of MARA during the first quarter worth approximately $105,000. 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.