MARA (NASDAQ:MARA) Stock Price Down 6.4% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 6.4% during mid-day trading on Monday . The company traded as low as $11.29 and last traded at $11.68. Approximately 13,748,691 shares changed hands during trading, a decline of 70% from the average daily volume of 45,366,767 shares. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

MARA has been the subject of several research analyst reports. Rosenblatt Securities initiated coverage on shares of MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price target for the company. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Piper Sandler lowered their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Barclays lowered their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock Performance

The company’s 50-day moving average price is $15.52 and its 200 day moving average price is $18.07. 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 stock has a market capitalization of $4.01 billion, a PE ratio of 14.70 and a beta of 5.95.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by company insiders.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Milestone Asset Management Group LLC bought a new position in MARA during the 4th quarter valued at about $429,000. Wellington Management Group LLP lifted its holdings in MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock valued at $12,015,000 after buying an additional 677,199 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of MARA by 2.9% during the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock valued at $4,606,000 after acquiring an additional 7,864 shares in the last quarter. Park Square Financial Group LLC bought a new position in MARA in the fourth quarter worth approximately $27,000. Finally, United Advisor Group LLC grew its holdings in MARA by 64.5% during the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock worth $855,000 after acquiring an additional 20,007 shares in the last quarter. Hedge funds and other institutional investors 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.