MARA (NASDAQ:MARA) Trading 6.2% Higher – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) rose 6.2% during trading on Friday . The company traded as high as $12.92 and last traded at $12.91. Approximately 14,979,077 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 46,281,213 shares. The stock had previously closed at $12.16.

Wall Street Analyst Weigh In

MARA has been the topic of a number of recent research reports. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Trading Up 8.4 %

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 firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 16.68 and a beta of 5.95. The company has a 50 day moving average price of $16.60 and a two-hundred day moving average price of $18.23.

MARA (NASDAQ:MARA) last announced 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 the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,915 shares of company stock valued at $2,265,643. 0.80% of the stock is owned by insiders.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently modified their holdings of MARA. Truvestments Capital LLC acquired a new stake in shares of MARA in the 3rd quarter worth $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA in the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in shares of MARA in the 4th quarter worth $27,000. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake 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 during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.