MARA (NASDAQ:MARA) Stock Price Up 2.5% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was up 2.5% during trading on Wednesday . The stock traded as high as $14.77 and last traded at $14.41. Approximately 22,227,062 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 45,218,978 shares. The stock had previously closed at $14.06.

Analysts Set New Price Targets

Several equities analysts have issued reports on MARA shares. JPMorgan Chase & Co. lowered their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Thursday. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities began coverage on MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. Finally, Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, MARA currently has an average rating of "Hold" and an average target price of $22.80.

MARA Stock Performance

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 firm's fifty day moving average price is $13.08 and its two-hundred day moving average price is $17.51. The stock has a market capitalization of $4.95 billion, a PE ratio of 18.10 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated 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 owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

Large investors have recently modified their holdings of the business. Franklin Resources Inc. grew 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. boosted its holdings in shares of 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 worth $22,577,000 after purchasing an additional 37,150 shares during the last quarter. GAMMA Investing LLC grew its position in shares of MARA by 102.0% in the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider's stock valued at $215,000 after purchasing an additional 6,485 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of MARA in the fourth quarter valued at approximately $397,000. Finally, Arkadios Wealth Advisors purchased a new position in MARA during the fourth quarter worth approximately $231,000. 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.