MARA (NASDAQ:MARA) Stock Price Up 2.5% - Here's Why

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price traded up 2.5% during trading on Friday . The stock traded as high as $20.49 and last traded at $20.44. 14,583,031 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 39,905,098 shares. The stock had previously closed at $19.95.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price target on the stock. Finally, Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.67.

MARA Trading Up 0.2 %

The firm's fifty day simple moving average is $21.33 and its 200-day simple moving average is $19.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $6.78 billion, a P/E ratio of 25.30 and a beta of 5.76.

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MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the prior year, the business earned ($0.05) EPS. MARA's quarterly revenue was up 34.4% on a year-over-year basis. Equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new position in shares of MARA during the third quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings 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 worth $31,000 after acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of 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 worth $33,000 after acquiring an additional 860 shares in the last quarter. Signaturefd LLC raised its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Spire Wealth Management lifted its position in shares of MARA by 26.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

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.