MARA (NASDAQ:MARA) Trading Down 1.3% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 1.3% during trading on Tuesday following insider selling activity. The stock traded as low as $24.15 and last traded at $25.29. 27,268,353 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 56,466,371 shares. The stock had previously closed at $25.63.

Specifically, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of research firms have commented on MARA. Cantor Fitzgerald began coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. cut their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.33.

MARA Stock Up 3.3 %

The company has a market capitalization of $8.35 billion, a PE ratio of 32.86 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a 50-day moving average of $19.68 and a two-hundred day moving average of $19.13.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in shares of MARA by 62.5% in the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 12,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of MARA by 4.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 3,200 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares in the last quarter. M&T Bank Corp lifted its position in shares of MARA by 14.1% in the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of MARA in the third quarter valued at about $1,072,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.