MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) rose 2.1% during mid-day trading on Wednesday . The stock traded as high as $12.57 and last traded at $12.33. Approximately 10,761,928 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 45,985,498 shares. The stock had previously closed at $12.07.
Analysts Set New Price Targets
MARA has been the subject of several research reports. HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities initiated coverage on shares of MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. Barclays reduced their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $22.80.
Check Out Our Latest Analysis on MARA
MARA Trading Down 1.0 %
The firm has a market capitalization of $4.28 billion, a P/E ratio of 15.67 and a beta of 5.95. 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 has a 50 day simple moving average of $15.97 and a two-hundred day simple moving average of $18.06.
MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.
Insider Transactions at MARA
In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value 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. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 in the last ninety days. Company insiders own 0.80% of the company's stock.
Institutional Investors Weigh In On MARA
Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in MARA by 2.9% in the 4th quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider's stock worth $4,606,000 after acquiring an additional 7,864 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in MARA in the 4th quarter worth about $27,000. United Advisor Group LLC grew its holdings in MARA by 64.5% during 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 in the last quarter. Mackenzie Financial Corp grew its holdings in MARA by 5.1% during 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 in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in MARA during the 4th quarter valued at about $13,416,000. Hedge funds and other institutional investors own 44.53% of the company's stock.
About MARA
(
Get Free Report)
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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