MARA (NASDAQ:MARA) Stock Price Up 7% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was up 7% on Monday . The stock traded as high as $13.44 and last traded at $13.38. Approximately 14,527,574 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 45,422,969 shares. The stock had previously closed at $12.51.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MARA shares. HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. Piper Sandler lowered their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and an average target price of $22.80.

MARA Stock Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $13.43 and a 200 day simple moving average of $17.56. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data 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. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. On average, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of MARA by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 39,231 shares of the business services provider's stock worth $636,000 after buying an additional 4,334 shares in the last quarter. M&T Bank Corp raised its position in shares of MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider's stock worth $317,000 after purchasing an additional 2,418 shares during the last quarter. Franklin Resources Inc. increased its position in MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after buying an additional 12,157 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of MARA by 102.0% during the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider's stock valued at $215,000 after acquiring an additional 6,485 shares during 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.