MARA (NASDAQ:MARA) Shares Up 0.1% After Analyst Upgrade

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) rose 0.1% during mid-day trading on Tuesday after Barclays raised their price target on the stock from $14.00 to $16.00. Barclays currently has an equal weight rating on the stock. MARA traded as high as $16.63 and last traded at $15.97. Approximately 16,769,500 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 44,911,780 shares. The stock had previously closed at $15.95.

A number of other equities research analysts have also weighed in on MARA. Piper Sandler lowered their price objective on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. HC Wainwright reaffirmed a "buy" rating and set a $28.00 target price on shares of MARA in a report on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.72.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $65,232,861.24. This trade represents a 0.70% decrease in their position. The sale 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 the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

Several hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock valued at $537,000 after acquiring an additional 12,157 shares in the last quarter. Principal Financial Group Inc. raised its stake in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in MARA during the 4th quarter valued at $397,000. Arkadios Wealth Advisors bought a new stake in MARA during the 4th quarter valued at $231,000. Finally, Sara Bay Financial increased its position in shares of MARA by 5.3% during the 4th quarter. Sara Bay Financial now owns 122,655 shares of the business services provider's stock valued at $2,121,000 after purchasing an additional 6,141 shares during the period. Institutional investors own 44.53% of the company's stock.

MARA Trading Up 0.4%

The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 20.27 and a beta of 6.82. The firm has a 50-day moving average price of $13.09 and a 200-day moving average price of $17.23. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business's revenue was up 29.5% compared to the same quarter last year. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

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.

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