MARA (NASDAQ:MARA) Trading Down 0.1% – Time to Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 0.1% during mid-day trading on Tuesday . The stock traded as low as $12.81 and last traded at $13.39. 13,787,927 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 46,656,866 shares. The stock had previously closed at $13.41.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday. They issued a “buy” rating and a $19.00 target price on the stock. B. Riley raised 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.30.

MARA Stock Performance

The company has a 50-day moving average price of $16.97 and a two-hundred day moving average price of $18.38. 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 stock has a market capitalization of $4.61 billion, a P/E ratio of 16.86 and a beta of 5.95.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the 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 of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,915 shares of company stock worth $2,289,443 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in MARA in the 4th quarter worth approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of MARA in the 3rd quarter valued at $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA in the 4th quarter valued at $27,000. Sterling Capital Management LLC raised its position in MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares during the period. Finally, Larson Financial Group LLC raised its position in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. 44.53% of the stock is currently owned by 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.