MARA (NASDAQ:MARA) Stock Price Up 0.8% – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 0.8% on Thursday . The company traded as high as $18.43 and last traded at $18.29. Approximately 12,630,377 shares changed hands during trading, a decline of 63% from the average daily volume of 33,828,637 shares. The stock had previously closed at $18.15.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company 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 lifted their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Piper Sandler began coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued 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 Trading Up 8.8 %

The company has a market cap of $6.41 billion, a P/E ratio of 25.20 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $21.63 and a 200-day moving average price of $19.14.

MARA (NASDAQ:MARA) last posted its 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 negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. Analysts forecast that MARA Holdings, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,410 shares of company stock valued at $2,485,329 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in MARA by 67.5% during the second quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider’s stock worth $1,145,000 after acquiring an additional 23,242 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MARA by 261.1% during the second 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 during the period. Mutual of America Capital Management LLC lifted its holdings in MARA by 79.9% during the second quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider’s stock worth $1,906,000 after acquiring an additional 42,647 shares during the period. Amalgamated Bank lifted its holdings in MARA by 1,000.2% during the second quarter. Amalgamated Bank now owns 83,275 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 75,706 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in MARA by 67.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock worth $385,000 after acquiring an additional 7,827 shares during the period. 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.