MARA (NASDAQ:MARA) Stock Price Up 2.7% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price shot up 2.7% during trading on Friday . The company traded as high as $14.35 and last traded at $14.38. 12,637,410 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 45,039,451 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Barclays lowered their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.80.

MARA Trading Up 1.5 %

The business has a 50-day moving average price of $13.05 and a 200-day moving average price of $17.49. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.92 billion, a P/E ratio of 18.00 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the 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 completion of the transaction, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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 represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

A number of hedge funds have recently made changes to their positions in MARA. Beacon Capital Management LLC acquired a new position in MARA in the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares in the last quarter. Finally, Spire Wealth Management raised its position in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

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.