MARA Sees Unusually Large Options Volume (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors acquired 559,284 call options on the company. This represents an increase of approximately 111% compared to the average daily volume of 265,035 call options.

MARA Stock Up 13.9 %

MARA stock opened at $22.63 on Thursday. The business's 50-day moving average price is $17.66 and its 200 day moving average price is $18.67. 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 market cap of $7.28 billion, a price-to-earnings ratio of 28.65 and a beta of 5.52. MARA has a 52 week low of $9.88 and a 52 week high of $34.09.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the company posted ($0.05) EPS. The company's revenue was up 34.4% on a year-over-year basis. As a group, sell-side analysts anticipate that MARA will post -0.72 earnings per share for the current year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,622 shares of company stock worth $2,399,805 over the last 90 days. Corporate insiders own 0.97% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC grew its holdings in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after buying an additional 695 shares in the last quarter. 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 valued at $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. raised its holdings in MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock valued at $269,000 after acquiring an additional 780 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in MARA by 4.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider's stock worth $505,000 after purchasing an additional 881 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. reduced their price target on MARA from $14.00 to $12.00 and set an "underweight" rating for the company in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price for the company. Finally, HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and an average target price of $22.57.

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.