MARA Sees Unusually High Options Volume (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was the target of some unusual options trading activity on Friday. Investors purchased 370,078 call options on the stock. This represents an increase of 34% compared to the typical volume of 276,706 call options.

MARA Stock Up 1.9%

MARA stock traded up $0.28 during trading hours on Monday, hitting $15.32. The stock had a trading volume of 38,675,519 shares, compared to its average volume of 45,128,004. The stock's 50-day moving average price is $14.42 and its 200-day moving average price is $16.28. The stock has a market capitalization of $5.39 billion, a P/E ratio of 19.39 and a beta of 6.61. MARA has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The firm had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Equities research analysts anticipate that MARA will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MARA. Barclays increased their price target on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on shares of MARA from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday. Rosenblatt Securities lifted their price target on shares of MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Compass Point restated a "sell" rating and issued a $9.50 price objective (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.94.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 55,010 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares of the company's stock, valued at $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 33,400 shares of MARA stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the transaction, the chief financial officer now directly owns 1,680,971 shares in the company, valued at $25,214,565. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,348 shares of company stock worth $2,633,802 over the last three months. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in shares of MARA by 10.0% during the 1st quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider's stock valued at $10,549,000 after buying an additional 83,242 shares during the period. Strs Ohio bought a new position in MARA in the 1st quarter worth approximately $363,000. Intech Investment Management LLC grew its holdings in MARA by 14.5% during the 1st quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider's stock valued at $1,848,000 after buying an additional 20,413 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of MARA by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider's stock valued at $7,398,000 after buying an additional 63,903 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of MARA by 8.2% in the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider's stock worth $257,000 after buying an additional 1,569 shares in the last quarter. 44.53% of the stock is 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.