MARA (NASDAQ:MARA) Stock Price Up 0.8% - Here's Why

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price rose 0.8% on Monday . The stock traded as high as $17.17 and last traded at $16.90. Approximately 8,800,122 shares were traded during trading, a decline of 76% from the average daily volume of 36,309,293 shares. The stock had previously closed at $16.77.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.67.

MARA Stock Performance

The firm's fifty day moving average price is $19.86 and its 200-day moving average price is $18.71. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.61 billion, a P/E ratio of 20.84 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (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 prior year, the company posted ($0.05) EPS. The company's quarterly revenue was up 34.4% compared to the same quarter last year. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company's stock, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares in the company, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,915 shares of company stock worth $2,956,634 over the last three months. Company insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

Several large investors have recently made changes to their positions in MARA. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA during the 4th quarter worth about $26,000. Larson Financial Group LLC raised its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after buying an additional 1,273 shares during the period. Institutional investors own 44.53% of the company's stock.

About MARA

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.