MARA (NASDAQ:MARA) Trading Down 1.3% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 1.3% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $24.15 and last traded at $25.29. 27,268,353 shares traded hands during trading, a decline of 52% from the average session volume of 56,466,371 shares. The stock had previously closed at $25.63.

Specifically, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the sale, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares in the company, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MARA shares. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.33.

MARA Stock Performance

The stock has a market cap of $8.35 billion, a P/E ratio of 32.86 and a beta of 5.63. The business has a 50 day moving average price of $19.68 and a 200 day moving average price of $19.13. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 net margin of 27.48% and a negative return on equity of 8.40%. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MARA by 8.9% in the third 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 in the last quarter. Mutual of America Capital Management LLC grew its stake in MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. bought a new position in MARA in the third quarter worth approximately $640,000. Finally, Rhumbline Advisers grew its stake in MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after purchasing an additional 439,309 shares in the last quarter. 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.