Stock Traders Buy High Volume of MARA Call Options (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) was the recipient of some unusual options trading activity on Thursday. Traders purchased 559,284 call options on the company. This is an increase of approximately 111% compared to the average daily volume of 265,035 call options.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,622 shares of company stock valued at $2,399,805 in the last quarter. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of large investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in MARA in the third quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC raised its stake in MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 695 shares in the last quarter. Larson Financial Group LLC raised its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC raised its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in MARA in the third quarter valued at approximately $50,000. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Performance

NASDAQ MARA opened at $22.63 on Thursday. MARA has a 52-week low of $9.88 and a 52-week high of $34.09. The company has a 50-day simple moving average of $17.66 and a 200 day simple moving average of $18.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $7.28 billion, a PE ratio of 28.65 and a beta of 5.52.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. On average, research analysts predict that MARA will post -0.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MARA shares. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, November 13th. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.57.

MARA Company Profile

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.