MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $11.30, but opened at $10.12. MARA shares last traded at $10.19, with a volume of 6,824,462 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $28.00 target price on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.80.
View Our Latest Analysis on MARA
MARA Trading Up 6.6 %
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 fifty day moving average price of $13.77 and a 200 day moving average price of $17.69. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 15.84 and a beta of 6.10.
MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The firm 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, equities analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,710 shares of company stock worth $1,226,825. Company insiders own 0.80% of the company's stock.
Institutional Trading of MARA
Several hedge funds and other institutional investors have recently modified their holdings of MARA. Beacon Capital Management LLC acquired a new stake in MARA during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC bought a new position in shares of MARA during the fourth quarter worth approximately $27,000. Sterling Capital Management LLC lifted its holdings in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the period. Finally, Spire Wealth Management grew its holdings in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after buying an additional 599 shares in the last quarter. Institutional investors own 44.53% of the company's stock.
MARA Company Profile
(
Get Free Report)
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.
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