MARA (NASDAQ:MARA) Stock Price Down 3.9% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 3.9% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $18.66 and last traded at $19.13. 22,321,217 shares traded hands during trading, a decline of 42% from the average session volume of 38,625,863 shares. The stock had previously closed at $19.91.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Piper Sandler started coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.67.

MARA Stock Performance

The company has a market capitalization of $6.42 billion, a P/E ratio of 25.25 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock’s 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $19.09.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in shares of MARA in the third quarter worth $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% in the third 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares in the last quarter. Signaturefd LLC lifted its position 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 purchasing an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of MARA in the third quarter worth $50,000. Institutional investors and hedge funds 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.