MARA (NASDAQ:MARA) Stock Price Up 2.5% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares rose 2.5% on Friday . The company traded as high as $20.49 and last traded at $20.44. Approximately 14,583,031 shares changed hands during trading, a decline of 63% from the average daily volume of 39,905,098 shares. The stock had previously closed at $19.95.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of recent analyst reports. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

The stock’s 50-day moving average price is $21.37 and its 200-day moving average price is $19.09. The company has a market cap of $7.13 billion, a P/E ratio of 26.61 and a beta of 5.76. 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 announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to the consensus estimate 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 was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. Equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % 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 link. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,915 shares of company stock valued at $2,980,694. 0.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in MARA during the third quarter worth about $26,000. Larson Financial Group LLC raised its stake in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares in the last quarter. Signaturefd LLC raised its stake in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Spire Wealth Management raised its stake in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares in the last quarter. 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.