MARA (NASDAQ:MARA) Shares Up 8.3% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded up 8.3% on Monday . The stock traded as high as $25.04 and last traded at $24.61. 24,440,547 shares were traded during trading, a decline of 57% from the average session volume of 56,646,977 shares. The stock had previously closed at $22.73.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded 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 report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.56.

MARA Trading Up 8.1 %

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 stock has a market cap of $7.90 billion, a price-to-earnings ratio of 31.09 and a beta of 5.63. The business has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $19.26.

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

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,922 shares of company stock valued at $2,628,007. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after buying an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of MARA in the third quarter valued at approximately $640,000. Finally, Intech Investment Management LLC bought a new position in MARA in the 3rd quarter valued at approximately $1,107,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.