MARA (NASDAQ:MARA) Trading Down 4.7% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 4.7% during trading on Tuesday . The company traded as low as $19.02 and last traded at $19.58. Approximately 15,759,921 shares changed hands during trading, a decline of 57% from the average daily volume of 36,272,727 shares. The stock had previously closed at $20.55.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MARA. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 24.58 and a beta of 5.76. The stock’s fifty day simple moving average is $21.53 and its 200-day simple moving average is $19.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue was up 34.4% on a year-over-year basis. Analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in MARA by 15.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock worth $1,621,000 after purchasing an additional 10,674 shares during the last quarter. Rhumbline Advisers raised its stake in MARA by 126.5% during the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after acquiring an additional 439,309 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in MARA during the 2nd quarter worth approximately $1,314,000. Victory Capital Management Inc. grew its stake in shares of MARA by 67.5% in the 2nd quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider’s stock valued at $1,145,000 after purchasing an additional 23,242 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of MARA by 22.5% in the second quarter. Arizona State Retirement System now owns 74,926 shares of the business services provider’s stock valued at $1,487,000 after purchasing an additional 13,743 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.