MARA (NASDAQ:MARA) Trading Up 1.9% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares were up 1.9% during trading on Tuesday . The stock traded as high as $11.92 and last traded at $11.47. Approximately 12,615,238 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 45,321,288 shares. The stock had previously closed at $11.26.

Analyst Upgrades and Downgrades

MARA has been the topic of several research reports. Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. 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 report on Thursday, December 19th. Barclays dropped their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, HC Wainwright restated a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.80.

MARA Stock Performance

The company's 50 day simple moving average is $13.77 and its 200 day simple moving average is $17.69. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 15.84 and a beta of 6.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

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MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock worth $1,226,825 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Capital Management LLC acquired a new position in shares of MARA in the fourth quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in MARA in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its position 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% during 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 raised its stake in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

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.