MARA (NASDAQ:MARA) Shares Up 1.8% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 1.8% on Wednesday . The company traded as high as $10.98 and last traded at $10.71. Approximately 12,721,691 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 45,286,257 shares. The stock had previously closed at $10.52.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MARA. B. Riley upped their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Rosenblatt Securities began coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price for the company. JPMorgan Chase & Co. lowered their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MARA currently has an average rating of “Hold” and an average price target of $22.80.

MARA Stock Up 6.6 %

The stock has a market cap of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The company’s 50 day moving average price is $13.77 and its two-hundred day moving average price is $17.69. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

A number of institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC purchased a new stake in MARA during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new position in MARA during the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.