Stock Traders Purchase High Volume of MARA Call Options (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) was the recipient of some unusual options trading on Thursday. Stock traders purchased 559,284 call options on the company. This is an increase of approximately 111% compared to the average volume of 265,035 call options.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,622 shares of company stock valued at $2,399,805 in the last 90 days. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of MARA by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Principal Financial Group Inc. grew its stake in MARA by 4,394.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after buying an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of MARA during the second quarter worth approximately $11,920,000. Finally, Vanguard Group Inc. boosted its stake in MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares during the period. Institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a report on Thursday. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, November 13th. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.88.

MARA Trading Up 6.0 %

Shares of MARA opened at $23.98 on Friday. The stock’s fifty day simple moving average is $17.66 and its 200-day simple moving average is $18.67. The firm has a market capitalization of $7.72 billion, a PE ratio of 31.30 and a beta of 5.52. MARA has a 12-month low of $9.88 and a 12-month high of $34.09. 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) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the prior year, the firm posted ($0.05) EPS. MARA’s revenue was up 34.4% on a year-over-year basis. As a group, research analysts predict that MARA will post -0.72 earnings per share for the current year.

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.