MARA (NASDAQ:MARA) Trading 0.5% Higher – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) shot up 0.5% during trading on Monday . The company traded as high as $12.27 and last traded at $11.36. 20,375,009 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 45,358,840 shares. The stock had previously closed at $11.30.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MARA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Piper Sandler decreased their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 0.4 %

The business has a 50 day moving average of $14.57 and a two-hundred day moving average of $17.90. 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 $3.89 billion, a price-to-earnings ratio of 14.25 and a beta of 6.10.

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

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 over the last three months. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in MARA by 708.0% in the 1st quarter. GAMMA Investing LLC now owns 103,776 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 90,932 shares during the period. Milestone Asset Management Group LLC purchased a new position in shares of MARA in the fourth quarter valued at $429,000. Wellington Management Group LLP grew its stake in shares of MARA by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after buying an additional 677,199 shares in the last quarter. California State Teachers Retirement System grew its position in MARA by 2.9% in the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after acquiring an additional 7,864 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of MARA during the 4th quarter valued at approximately $27,000. Hedge funds and other 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.