MARA (NASDAQ:MARA) Trading Down 3.9% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 3.9% on Tuesday . The company traded as low as $18.66 and last traded at $19.13. Approximately 22,321,217 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 38,625,863 shares. The stock had previously closed at $19.91.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Finally, B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Performance

The company has a 50-day moving average of $21.53 and a 200-day moving average of $19.10. The company has a market cap of $6.34 billion, a PE ratio of 24.88 and a beta of 5.76. 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 posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,410 shares of company stock worth $2,485,329. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC grew its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Signaturefd LLC grew its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA in the third quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. grew its stake in MARA by 116.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 3,915 shares in the last quarter. 44.53% of the stock is 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.