Investors Buy Large Volume of MARA Call Options (NASDAQ:MARA)

MARA Holdings, Inc. (NASDAQ:MARA) was the target of unusually large options trading activity on Friday. Stock investors purchased 450,820 call options on the company. This represents an increase of approximately 64% compared to the typical volume of 275,018 call options.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

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

MARA Stock Performance

Shares of MARA opened at $15.74 on Friday. The firm has a market capitalization of $5.54 billion, a PE ratio of 19.92 and a beta of 6.82. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $13.08 and a 200 day moving average price of $17.24. MARA has a 52-week low of $9.81 and a 52-week high of $30.28.

MARA (NASDAQ:MARA) last posted its quarterly earnings data 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). The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. On average, sell-side analysts anticipate that MARA will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of several research reports. Compass Point reaffirmed a “sell” rating and issued a $9.50 price target (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler reduced their price objective on MARA from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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.