MARA (NASDAQ:MARA) Sees Large Volume Increase – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares saw an uptick in trading volume on Thursday . 31,744,855 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 54,748,793 shares.The stock last traded at $25.51 and had previously closed at $22.63.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MARA. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Compass Point downgraded 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 report on Thursday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus target price of $22.88.

MARA Stock Up 9.7 %

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 stock’s 50-day moving average is $17.66 and its 200-day moving average is $18.67. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 29.43 and a beta of 5.52.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share 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 analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, analysts anticipate that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,622 shares of company stock valued at $2,399,805 over the last three months. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Vanguard Group Inc. raised its position in MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after buying an additional 441,455 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% during the 3rd 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 acquiring an additional 217,106 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of MARA by 186.6% during 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 acquiring an additional 1,327,969 shares during the period. Hedge funds and other 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.