MARA (NASDAQ:MARA) Trading 7% Higher – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares were up 7% on Friday . The company traded as high as $14.55 and last traded at $14.05. Approximately 25,610,482 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 35,899,570 shares. The stock had previously closed at $13.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MARA shares. Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday. Finally, Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Performance

The company has a market cap of $4.72 billion, a P/E ratio of 17.62 and a beta of 5.76. The business has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $18.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,215 shares of company stock valued at $2,033,766 in the last quarter. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter valued at about $26,000. Beacon Capital Management LLC purchased a new stake in MARA in the fourth quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in MARA during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC grew 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 acquiring an additional 1,062 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other 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.