MARA (NASDAQ:MARA) Shares Down 0.3% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 0.3% during mid-day trading on Tuesday . The stock traded as low as $16.30 and last traded at $16.72. 8,088,113 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 35,748,570 shares. The stock had previously closed at $16.76.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Price 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 cap of $5.49 billion, a price-to-earnings ratio of 20.47 and a beta of 5.76. The business has a 50-day moving average price of $19.86 and a 200 day moving average price of $18.71.

MARA (NASDAQ:MARA) last released 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). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,915 shares of company stock worth $2,956,634 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth approximately $26,000. Beacon Capital Management LLC purchased a new stake in MARA in the 4th quarter worth approximately $26,000. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.