MARA (NASDAQ:MARA) Stock Price Up 4.4% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares rose 4.4% on Thursday . The company traded as high as $20.19 and last traded at $20.55. Approximately 19,850,772 shares changed hands during trading, a decline of 50% from the average daily volume of 39,413,406 shares. The stock had previously closed at $19.69.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MARA. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

The stock has a market capitalization of $6.35 billion, a P/E ratio of 25.12 and a beta of 5.76. The company’s 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $19.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) earnings per share. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the 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 $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock worth $2,980,694 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth $26,000. Larson Financial Group LLC grew its position 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 buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Signaturefd LLC increased its stake in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of MARA in the 3rd quarter valued at approximately $50,000. Institutional investors own 44.53% of the company’s stock.

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.