MARA (NASDAQ:MARA) Trading 0.8% Higher - Here's Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded up 0.8% on Thursday . The stock traded as high as $18.43 and last traded at $18.29. 12,630,377 shares were traded during mid-day trading, a decline of 63% from the average session volume of 33,828,637 shares. The stock had previously closed at $18.15.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Piper Sandler started coverage on shares of MARA in a research note on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price target on the stock. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and raised their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MARA presently has an average rating of "Hold" and a consensus price target of $25.80.

MARA Stock Up 1.7 %

The firm's 50-day simple moving average is $21.63 and its 200-day simple moving average is $19.16. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 23.34 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company's revenue was up 34.4% on a year-over-year basis. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares of the company's stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,410 shares of company stock worth $2,485,329. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several large investors have recently modified their holdings of the stock. Sara Bay Financial boosted its stake in MARA by 5.3% in the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider's stock valued at $2,121,000 after buying an additional 6,141 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of MARA in the 4th quarter valued at $231,000. Fiduciary Alliance LLC bought a new stake in shares of MARA in the 4th quarter worth about $397,000. GAMMA Investing LLC increased its position in shares of MARA by 102.0% during the 4th quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider's stock worth $215,000 after purchasing an additional 6,485 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after purchasing an additional 37,150 shares during the last quarter. 44.53% of the stock is currently owned by 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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