MARA (NASDAQ:MARA) Shares Up 12.2% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares rose 12.2% during trading on Monday . The company traded as high as $14.00 and last traded at $13.89. Approximately 21,395,130 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 45,758,608 shares. The stock had previously closed at $12.38.

Analysts Set New Price Targets

A number of research analysts have issued reports on MARA shares. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.80.

MARA Price Performance

The company has a market cap of $4.93 billion, a PE ratio of 18.04 and a beta of 5.95. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $15.85 and a 200 day simple moving average of $18.12.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $187.11 million. Equities analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of MARA in the fourth quarter valued at approximately $46,413,000. Vanguard Group Inc. lifted its holdings in MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after buying an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in MARA by 192.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after buying an additional 1,248,292 shares during the period. American Century Companies Inc. grew its stake in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of MARA during the fourth quarter worth $13,416,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.