MARA (NASDAQ:MARA) Shares Up 6.8% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) rose 6.8% during trading on Monday . The company traded as high as $27.80 and last traded at $27.79. Approximately 49,081,512 shares were traded during trading, a decline of 12% from the average daily volume of 55,535,469 shares. The stock had previously closed at $26.03.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MARA shares. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Barclays assumed coverage on shares of MARA in a report on Monday. They set an “equal weight” rating and a $27.00 price objective for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.33.

MARA Stock Performance

The firm has a market cap of $8.66 billion, a P/E ratio of 32.56 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock’s 50 day moving average is $18.42 and its two-hundred day moving average is $18.82.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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 negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s revenue was up 34.4% compared to the same quarter last year. As a group, equities analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,822 shares of company stock valued at $2,702,877 in the last three months. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MARA. Geode Capital Management LLC boosted its position in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after buying an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of 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 worth $22,577,000 after buying an additional 37,150 shares during the period. Institutional investors own 44.53% of the company’s stock.

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.