MARA (NASDAQ:MARA) Shares Up 12.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) was up 12.7% during mid-day trading on Friday . The company traded as high as $20.68 and last traded at $20.63. Approximately 28,702,185 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 34,086,496 shares. The stock had previously closed at $18.30.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued 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 research note on Wednesday, November 13th. Finally, Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a fifty day moving average price of $21.63 and a 200 day moving average price of $19.12. The stock has a market cap of $6.41 billion, a P/E ratio of 25.20 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 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 business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. On average, equities analysts expect that MARA Holdings, Inc. will post -1.09 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,410 shares of company stock valued at $2,485,329. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter worth $26,000. Larson Financial Group LLC raised its position in MARA by 124.2% in 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 during the period. Signaturefd LLC boosted its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter valued at approximately $50,000. Finally, Tobam increased its stake in shares of MARA by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the last quarter. 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.