MARA Holdings (NASDAQ:MARA – Get Free Report)’s stock price was up 5.4% during trading on Thursday . The stock traded as high as $11.88 and last traded at $11.64. 69,713,491 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 46,315,691 shares. The stock had previously closed at $11.04.
Key MARA News
Here are the key news stories impacting MARA this week:
- Positive Sentiment: Large Bitcoin purchase boosts digital-asset exposure: MARA acquired 1,292 Bitcoin for approximately $100 million through FalconX. The purchase brings its Bitcoin treasury to 35,577 BTC, valued at roughly $2.7 billion, potentially increasing the company’s leverage to Bitcoin prices and improving investor sentiment toward its crypto strategy. MARA Returns to Bitcoin Buying With 1,292 BTC Deal
- Positive Sentiment: Strong recent momentum attracts attention: MARA has outperformed the broader market and listed peers over the past month, helping fuel additional buying interest. The company’s substantial Bitcoin holdings provide a potentially valuable asset base if cryptocurrency prices continue rising. MARA Holdings Just Rallied 21% in a Month: Take Profits, or Buy More?
- Neutral Sentiment: Q3 earnings expectations remain a catalyst: HC Wainwright issued a forecast for MARA’s third-quarter earnings, keeping analyst estimates in focus. The impact on the stock will depend on whether the company’s results, Bitcoin production and costs exceed expectations. HC Wainwright Predicts MARA’s Q3 Earnings
- Negative Sentiment: Profit-taking and fundamental risks could limit gains: The recent rally has prompted questions about whether investors should take profits. MARA remains well below its 52-week high, while its latest reported quarter included a significant EPS and revenue miss, sharply negative margins and year-over-year revenue decline. The stock’s performance also remains highly sensitive to Bitcoin volatility and dilution or financing concerns.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of MARA from $5.50 to $6.00 and gave the stock an “underweight” rating in a research note on Thursday, August 13th. Piper Sandler decreased their price target on shares of MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. BTIG Research reissued a “buy” rating and issued a $27.00 price target on shares of MARA in a report on Monday, June 1st. Weiss Ratings raised shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Finally, Cantor Fitzgerald cut their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.70.
MARA Price Performance
The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $11.18 and a 200-day moving average of $11.43. The firm has a market capitalization of $4.50 billion, a P/E ratio of -1.27 and a beta of 5.32.
MARA (NASDAQ:MARA – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The firm had revenue of $174.88 million for the quarter, compared to the consensus estimate of $209.44 million. During the same quarter in the previous year, the business earned $1.84 EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. On average, sell-side analysts predict that MARA Holdings will post -1.31 EPS for the current year.
Insider Buying and Selling at MARA
In other MARA news, Director Douglas K. Mellinger sold 7,000 shares of MARA stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $16.00, for a total value of $112,000.00. Following the completion of the sale, the director owned 231,618 shares in the company, valued at $3,705,888. The trade was a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the sale, the chief financial officer directly owned 377,066 shares of the company’s stock, valued at $3,472,777.86. This represents a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 58,881 shares of company stock valued at $613,193. 0.97% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. CI Investments Inc. boosted its position in shares of MARA by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after purchasing an additional 957 shares in the last quarter. Greenleaf Trust increased its position in MARA by 9.9% in the 2nd quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,076 shares in the last quarter. Evexia Wealth LLC increased its position in MARA by 9.2% in the 1st quarter. Evexia Wealth LLC now owns 12,937 shares of the business services provider’s stock valued at $106,000 after buying an additional 1,090 shares in the last quarter. Sigma Planning Corp raised its stake in MARA by 12.5% during the 1st quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock worth $109,000 after buying an additional 1,485 shares during the period. Finally, NewEdge Advisors LLC raised its stake in MARA by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock worth $171,000 after buying an additional 1,598 shares during the period. 44.53% of the stock is owned by institutional investors.
About MARA
MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.
MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.
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