MARA (NASDAQ:MARA) Sees Strong Trading Volume – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) saw an uptick in trading volume on Thursday . 31,744,855 shares were traded during 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.

Analysts Set New Price Targets

MARA has been the topic of several recent research reports. Macquarie raised 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. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a research note on Thursday. Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.88.

MARA Price Performance

The business’s 50-day simple moving average is $17.83 and its two-hundred day simple moving average is $18.70. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 32.95 and a beta of 5.52. 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 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 firm had revenue of $131.60 million for the quarter, compared to analyst estimates 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 last year, the business earned ($0.05) EPS. Research analysts expect that MARA Holdings, Inc. will post -0.72 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’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 sale, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their position. The transaction 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 firm’s stock in a transaction dated Friday, September 20th. The stock was 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 of the company’s stock, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,622 shares of company stock worth $2,399,805 in the last quarter. 0.97% of the stock is owned by insiders.

Institutional Trading of MARA

Several institutional investors have recently added to or reduced their stakes in MARA. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 441,455 shares during the period. American International Group Inc. lifted its holdings in MARA by 4.3% in the first quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock valued at $2,495,000 after buying an additional 4,593 shares during the period. Natixis bought a new stake in MARA during the first quarter valued at $177,000. Lazard Asset Management LLC acquired a new stake in MARA during the 1st quarter worth about $249,000. Finally, Beaird Harris Wealth Management LLC raised its position in shares of MARA by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after acquiring an additional 695 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.