MARA Sees Unusually Large Options Volume (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors bought 450,820 call options on the company. This represents an increase of 64% compared to the average daily volume of 275,018 call options.

Insider Buying and Selling

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

Institutional Trading of MARA

A number of hedge funds have recently bought and sold shares of MARA. Capital Advisors Inc. OK bought a new position in MARA during the fourth quarter valued at about $699,000. Arkadios Wealth Advisors acquired a new stake in MARA during the fourth quarter worth $231,000. Foundations Investment Advisors LLC increased its holdings in MARA by 61.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock valued at $1,877,000 after buying an additional 42,494 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after buying an additional 372,094 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in MARA by 17.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock worth $15,076,000 after purchasing an additional 135,133 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

MARA Stock Up 2.7 %

NASDAQ:MARA traded up $0.39 during trading hours on Friday, reaching $14.68. The company's stock had a trading volume of 61,508,501 shares, compared to its average volume of 44,921,280. MARA has a one year low of $9.81 and a one year high of $30.28. The business's 50-day moving average is $13.04 and its 200-day moving average is $17.27. 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 company has a market cap of $5.17 billion, a price-to-earnings ratio of 18.58 and a beta of 6.82.

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

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of recent research reports. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler decreased their price target on shares of MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average target price of $20.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.