MARA (NASDAQ:MARA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) saw strong trading volume on Thursday . 31,744,855 shares changed hands during trading, a decline of 42% from the previous session’s volume of 54,748,793 shares.The stock last traded at $25.51 and had previously closed at $22.63.

Analyst Ratings Changes

Several analysts have commented on MARA shares. JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a research note on Thursday. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.88.

MARA Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a fifty day moving average price of $17.83 and a two-hundred day moving average price of $18.70. The company has a market cap of $8.38 billion, a P/E ratio of 32.95 and a beta of 5.52.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares in the company, valued at $33,022,547.90. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,622 shares of company stock worth $2,399,805. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MARA. Truvestments Capital LLC bought a new position in MARA during the third quarter worth $26,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after buying an additional 695 shares during the period. Larson Financial Group LLC grew its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Signaturefd LLC raised its holdings in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in MARA during the third quarter worth approximately $50,000. 44.53% of the stock is owned by institutional investors and hedge funds.

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.