MARA (NASDAQ:MARA) Trading Up 12.2% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) was up 12.2% on Monday . The stock traded as high as $14.00 and last traded at $13.89. Approximately 21,395,130 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 45,758,608 shares. The stock had previously closed at $12.38.

Analysts Set New Price Targets

MARA has been the topic of several research reports. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Piper Sandler dropped their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, 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, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.80.

MARA Price Performance

The firm has a market capitalization of $4.96 billion, a P/E ratio of 18.16 and a beta of 5.95. The business’s fifty day moving average is $15.97 and its 200 day moving average is $18.11. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently bought and sold shares of MARA. Vanguard Group Inc. raised its stake in MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC boosted its position in MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after buying an additional 518,503 shares during the last quarter. American Century Companies Inc. increased its stake in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp raised its position in shares of MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after acquiring an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after acquiring an additional 372,094 shares during the last quarter. Institutional investors and hedge funds 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.