MARA (NASDAQ:MARA) Trading 2.3% Higher - Here's What Happened

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares rose 2.3% during trading on Monday . The company traded as high as $15.59 and last traded at $14.24. Approximately 28,110,324 shares changed hands during trading, a decline of 23% from the average daily volume of 36,744,570 shares. The stock had previously closed at $13.92.

Analyst Ratings Changes

MARA has been the subject of a number of analyst reports. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Barclays cut their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. B. Riley lifted their target price 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.78.

MARA Stock Down 0.2 %

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's 50-day moving average is $17.18 and its two-hundred day moving average is $18.41. The stock has a market cap of $5.12 billion, a P/E ratio of 19.10 and a beta of 5.76.

Remove Ads

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

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares of the company's stock, valued at $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,915 shares of company stock valued at $2,289,443. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

Institutional investors have recently bought and sold shares of the business. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter valued at $27,000. United Advisor Group LLC grew its holdings in shares of MARA by 64.5% in the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider's stock valued at $855,000 after buying an additional 20,007 shares during the period. Mackenzie Financial Corp grew its holdings in shares of MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock valued at $304,000 after buying an additional 878 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of MARA in the 4th quarter valued at $13,416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MARA by 33.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider's stock valued at $9,717,000 after buying an additional 145,953 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.