MARA (NASDAQ:MARA) Shares Down 2.4% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 2.4% during mid-day trading on Wednesday . The company traded as low as $13.57 and last traded at $13.91. 11,003,975 shares were traded during mid-day trading, a decline of 76% from the average session volume of 45,625,362 shares. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Rosenblatt Securities began coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.80.

MARA Stock Down 8.6 %

The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.78 and a beta of 5.95. 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 business has a 50-day simple moving average of $15.67 and a two-hundred day simple moving average of $18.06.

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

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake 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 valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of MARA in the third quarter valued at $1,557,000. Intech Investment Management LLC purchased a new position in shares of MARA in the third quarter valued at $1,107,000. Public Sector Pension Investment Board boosted its position 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 worth $10,135,000 after buying an additional 24,300 shares in the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in shares of MARA in the 4th quarter worth 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.