MARA (NASDAQ:MARA) Trading Down 3.6% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 3.6% on Wednesday . The stock traded as low as $18.14 and last traded at $18.39. Approximately 10,995,024 shares were traded during trading, a decline of 69% from the average daily volume of 35,311,996 shares. The stock had previously closed at $19.07.

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of research reports. B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler started coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.80.

MARA Stock Performance

The company has a market capitalization of $5.75 billion, a P/E ratio of 22.61 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $21.57 and its 200-day moving average is $19.21.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million during 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 business’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. Equities analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of hedge funds have recently made changes to their positions in MARA. Dimensional Fund Advisors LP raised its holdings in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in MARA during the second quarter worth $11,920,000. Geode Capital Management LLC grew its position in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the period. Thrivent Financial for Lutherans purchased a new position in MARA in the second quarter valued at $4,498,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 217,106 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.