MARA (NASDAQ:MARA) Trading Down 3.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 3.7% during trading on Monday . The company traded as low as $16.87 and last traded at $17.66. 16,869,231 shares were traded during trading, a decline of 56% from the average session volume of 38,062,875 shares. The stock had previously closed at $18.34.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. B. Riley upped their price objective 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 assumed coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 2.1 %

The company’s 50-day moving average is $20.97 and its 200 day moving average is $18.94. The company has a market capitalization of $6.09 billion, a PE ratio of 22.72 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock valued at $2,980,694 in the last 90 days. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares during the period. Larson Financial Group LLC raised its stake 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 worth $31,000 after acquiring an additional 1,062 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the period. Hedge funds and other 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.