MARA (NASDAQ:MARA) Shares Down 3.2% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 3.2% during trading on Tuesday . The stock traded as low as $14.09 and last traded at $14.15. 13,994,058 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 45,874,677 shares. The stock had previously closed at $14.61.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MARA shares. Rosenblatt Securities initiated coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Thursday, February 27th. Barclays decreased their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.80.

MARA Trading Down 1.1 %

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 cap of $4.72 billion, a PE ratio of 17.27 and a beta of 5.95. The firm has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $18.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for 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 forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the period. Weiss Asset Management LP purchased a new position in shares of MARA in the third quarter worth about $1,557,000. Intech Investment Management LLC purchased a new position in shares of MARA in the third quarter worth about $1,107,000. Public Sector Pension Investment Board lifted its stake in shares of MARA by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after acquiring an additional 24,300 shares during the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in MARA during the 4th quarter valued at about $699,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.