MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price shot up 7% during trading on Friday . The company traded as high as $14.55 and last traded at $14.05. 25,610,482 shares were traded during trading, a decline of 29% from the average session volume of 35,899,570 shares. The stock had previously closed at $13.13.
Wall Street Analysts Forecast Growth
MARA has been the topic of several research analyst reports. HC Wainwright restated a "buy" rating and issued a $28.00 price objective on shares of MARA in a research report on Thursday. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday. B. Riley lifted their price objective 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. Barclays dropped their target price 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. Finally, Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MARA currently has a consensus rating of "Hold" and a consensus price target of $23.78.
Get Our Latest Stock Analysis on MARA
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 stock has a market cap of $4.68 billion, a P/E ratio of 17.46 and a beta of 5.76. The business has a 50 day moving average price of $17.52 and a 200 day moving average price of $18.46.
MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.
Insider Transactions at MARA
In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on 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 in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,215 shares of company stock valued at $2,033,766. 0.80% of the stock is currently owned by company insiders.
Institutional Trading of MARA
Hedge funds have recently modified their holdings of the company. Creative Planning lifted its position in MARA by 17.2% during the third quarter. Creative Planning now owns 33,864 shares of the business services provider's stock valued at $549,000 after acquiring an additional 4,974 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of MARA by 1,522.0% during the third quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider's stock worth $317,000 after purchasing an additional 18,355 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of MARA by 2.0% during the 3rd quarter. New York State Teachers Retirement System now owns 275,957 shares of the business services provider's stock valued at $4,476,000 after purchasing an additional 5,479 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of MARA in the 3rd quarter worth $166,000. Finally, Financial Advocates Investment Management grew its stake in MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock worth $230,000 after buying an additional 700 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.
MARA Company Profile
(
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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