MARA (NASDAQ:MARA) Stock Price Up 1.3% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was up 1.3% during mid-day trading on Thursday . The company traded as high as $14.00 and last traded at $13.97. Approximately 8,080,882 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 45,575,467 shares. The stock had previously closed at $13.79.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MARA. Piper Sandler decreased their price target 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. JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Barclays reduced their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.80.

MARA Stock Down 8.6 %

The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 15.78 and a beta of 5.95. 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 firm’s 50 day moving average price is $15.52 and its two-hundred day moving average price is $18.04.

MARA (NASDAQ:MARA) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 in the last three months. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

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

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.