MARA (NASDAQ:MARA) Stock Price Down 0.5% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 0.5% during trading on Tuesday . The stock traded as low as $17.86 and last traded at $18.20. Approximately 9,724,055 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 40,001,879 shares. The stock had previously closed at $18.29.

Analyst Upgrades and Downgrades

MARA has been the subject of several research analyst reports. Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler assumed coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Up 4.1 %

The business’s 50 day moving average is $21.12 and its 200-day moving average is $19.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 24.28 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $140.26 million. During the same period last year, the company earned ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,915 shares of company stock valued at $2,980,694 in the last ninety days. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Sei Investments Co. acquired a new stake in shares of MARA during the 2nd quarter worth approximately $201,000. Xponance Inc. grew its position in shares of MARA by 27.6% during the 2nd quarter. Xponance Inc. now owns 17,466 shares of the business services provider’s stock worth $347,000 after buying an additional 3,778 shares during the period. Millennium Management LLC grew its holdings in MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after purchasing an additional 149,805 shares during the period. The Manufacturers Life Insurance Company grew its holdings in MARA by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 164,561 shares of the business services provider’s stock valued at $3,267,000 after purchasing an additional 35,802 shares during the period. Finally, Algert Global LLC grew its holdings in MARA by 56.5% during the second quarter. Algert Global LLC now owns 47,999 shares of the business services provider’s stock valued at $953,000 after purchasing an additional 17,319 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.