MARA (NASDAQ:MARA) Trading Down 2.5% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 2.5% during mid-day trading on Wednesday . The company traded as low as $12.89 and last traded at $12.98. Approximately 13,080,092 shares were traded during trading, a decline of 66% from the average daily volume of 39,009,414 shares. The stock had previously closed at $13.32.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MARA shares. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.80.

MARA Trading Up 8.4 %

The company’s 50 day moving average price is $16.73 and its 200 day moving average price is $18.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $4.56 billion, a PE ratio of 16.68 and a beta of 5.95.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,915 shares of company stock valued at $2,265,643. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares in the last quarter. United Services Automobile Association grew its position in shares of MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after acquiring an additional 635 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of MARA by 79.3% during the fourth 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 last quarter. Mackenzie Financial Corp grew its position in shares of MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after acquiring an additional 992 shares during the last quarter. Institutional investors and hedge funds 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.