MARA (NASDAQ:MARA) Shares Up 1.3% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) rose 1.3% on Thursday . The stock traded as high as $14.00 and last traded at $13.97. Approximately 8,080,882 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 45,575,467 shares. The stock had previously closed at $13.79.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Finally, Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Stock Performance

The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.27 and a beta of 5.95. 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 stock’s 50-day simple moving average is $15.76 and its 200-day simple moving average is $18.09.

MARA (NASDAQ:MARA) last posted its quarterly earnings results 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 negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. Analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other news, 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 sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock worth $1,226,825 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC acquired a new position in shares of MARA in the third quarter valued at approximately $255,000. Intech Investment Management LLC acquired a new position in MARA in the 3rd quarter valued at approximately $1,107,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of MARA by 97.4% during the third quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock worth $435,000 after purchasing an additional 13,232 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of MARA by 124.2% in the third 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.

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.