MARA (NASDAQ:MARA) Trading 4.9% Higher – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 4.9% during mid-day trading on Wednesday . The company traded as high as $24.61 and last traded at $23.92. Approximately 22,243,664 shares changed hands during trading, a decline of 61% from the average daily volume of 56,745,008 shares. The stock had previously closed at $22.81.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MARA shares. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.56.

MARA Stock Performance

The firm’s 50 day simple moving average is $20.62 and its 200-day simple moving average is $19.26. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 28.42 and a beta of 5.63. 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 posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. Analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In related news, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,622 shares of company stock valued at $2,890,197 over the last three months. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of large investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in MARA by 124.2% in the 3rd 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. Signaturefd LLC boosted its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new position in MARA during the third quarter valued at approximately $50,000. Finally, Tobam lifted its stake in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 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.