MARA (NASDAQ:MARA) Shares Up 11.5% on Earnings Beat

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded up 11.5% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $14.85 and last traded at $13.88. 36,068,192 shares were traded during mid-day trading, an increase of 4% from the average session volume of 34,833,117 shares. The stock had previously closed at $12.45.

The business services provider reported $1.24 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%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MARA. B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,015 shares of company stock worth $2,237,086. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of MARA during the 3rd quarter worth about $26,000. Beacon Capital Management LLC acquired a new stake in MARA during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of 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 worth $33,000 after buying an additional 860 shares during the period. 44.53% of the stock is owned by institutional investors.

MARA Trading Up 10.4 %

The company has a 50 day moving average of $17.78 and a 200 day moving average of $18.46. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 17.48 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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.