MARA (NASDAQ:MARA) Trading Down 6.4% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 6.4% during mid-day trading on Monday . The stock traded as low as $11.29 and last traded at $11.68. Approximately 13,748,691 shares changed hands during trading, a decline of 70% from the average daily volume of 45,366,767 shares. The stock had previously closed at $12.47.

Analyst Ratings Changes

A number of research firms have commented on MARA. B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Piper Sandler reduced their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The stock has a market capitalization of $4.09 billion, a P/E ratio of 14.99 and a beta of 5.95. The business’s 50 day simple moving average is $15.20 and its two-hundred day simple moving average is $18.01. 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 issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS 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 during the quarter, compared to analyst estimates of $187.11 million. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 in the last three months. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in MARA in the 4th quarter worth approximately $46,413,000. Vanguard Group Inc. raised its stake in shares of MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in MARA by 192.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock worth $31,817,000 after purchasing an additional 1,248,292 shares in the last quarter. American Century Companies Inc. boosted its stake in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after purchasing an additional 1,240,354 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in MARA during the 4th quarter valued at about $13,416,000. 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.