Traders Buy High Volume of Call Options on MARA (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was the target of unusually large options trading on Friday. Investors purchased 487,019 call options on the stock. This is an increase of 49% compared to the typical volume of 327,875 call options.

MARA Stock Performance

NASDAQ MARA opened at $19.91 on Friday. 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 fifty day simple moving average of $21.63 and a 200 day simple moving average of $19.14. MARA has a 12-month low of $13.16 and a 12-month high of $34.09. The company has a market cap of $6.41 billion, a P/E ratio of 25.20 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. Sell-side analysts predict that MARA will post -1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of several research analyst reports. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price for the company. Compass Point cut MARA from a "buy" rating to a "neutral" rating and increased their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler began coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price objective for the company. Finally, Macquarie boosted 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, MARA presently has an average rating of "Hold" and an average price target of $25.67.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on 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 directly owns 2,029,647 shares of the company's stock, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares of the company's stock, valued at $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,410 shares of company stock valued at $2,485,329 in the last three months. Insiders own 0.97% of the company's stock.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in shares of MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC lifted its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC boosted its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MARA in the 3rd quarter worth $50,000. Finally, Tobam raised its holdings in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after purchasing an additional 4,880 shares during the last quarter. 44.53% of the stock is 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.