MARA (NASDAQ:MARA) Stock Price Up 6.3% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price traded up 6.3% on Friday . The stock traded as high as $26.50 and last traded at $26.34. 26,500,700 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 56,700,871 shares. The stock had previously closed at $24.79.

Wall Street Analyst Weigh In

MARA has been the subject of a number of analyst reports. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price target on the stock. HC Wainwright restated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday. Finally, Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $23.33.

MARA Price Performance

The stock's fifty day moving average price is $19.83 and its 200-day moving average price is $19.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $8.64 billion, a PE ratio of 33.44 and a beta of 5.63.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) 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 during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The firm's revenue was up 34.4% on a year-over-year basis. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at $67,169,451.30. This represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,622 shares of company stock worth $2,906,197. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock worth $64,249,000 after acquiring an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in MARA by 186.6% during the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider's stock worth $40,485,000 after purchasing an additional 1,327,969 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of MARA by 4,394.8% during the second quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider's stock worth $26,892,000 after buying an additional 1,324,625 shares during the period. Public Sector Pension Investment Board acquired a new stake in shares of MARA in the second quarter valued at $11,920,000. Finally, Rhumbline Advisers grew its stake in shares of MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider's stock valued at $15,615,000 after buying an additional 439,309 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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