MARA (NASDAQ:MARA) Stock Price Down 2.4% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 2.4% during mid-day trading on Friday . The company traded as low as $12.11 and last traded at $12.21. Approximately 9,809,606 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 45,773,715 shares. The stock had previously closed at $12.50.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent research reports. 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. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price objective for the company. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays dropped their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.80.

MARA Stock Performance

The stock has a market cap of $4.21 billion, a PE ratio of 15.40 and a beta of 5.95. 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 company has a fifty day moving average price of $16.08 and a 200 day moving average price of $18.09.

MARA (NASDAQ:MARA) last posted 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 firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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. This represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,710 shares of company stock worth $1,226,825. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of MARA in the 3rd quarter worth $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA in the 4th quarter worth $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA in the 4th quarter worth $27,000. Larson Financial Group LLC increased its stake in shares of 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 in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of 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 in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.