MARA (NASDAQ:MARA) Shares Up 4.7% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) rose 4.7% on Wednesday . The stock traded as high as $20.27 and last traded at $20.15. Approximately 20,546,449 shares were traded during trading, a decline of 64% from the average daily volume of 56,557,246 shares. The stock had previously closed at $19.25.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.80.

MARA Trading Up 4.7 %

The company has a market cap of $6.48 billion, a P/E ratio of 25.51 and a beta of 5.63. The business has a 50 day moving average price of $21.51 and a 200-day moving average price of $19.32. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,615 shares of company stock worth $3,258,686 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Bank of New York Mellon Corp increased its position in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares in the last quarter. Principal Financial Group Inc. raised its stake in MARA by 4,394.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock worth $26,892,000 after buying an additional 1,324,625 shares during the period. Public Sector Pension Investment Board acquired a new stake in MARA in the second quarter valued at approximately $11,920,000. Finally, Rhumbline Advisers raised its position in shares of MARA by 126.5% during the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after purchasing an additional 439,309 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.