MARA (NASDAQ:MARA) Stock Price Down 0.5% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 0.5% during mid-day trading on Tuesday . The company traded as low as $17.86 and last traded at $18.20. Approximately 9,724,055 shares changed hands during trading, a decline of 76% from the average daily volume of 40,001,879 shares. The stock had previously closed at $18.29.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MARA shares. Barclays started coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. B. Riley lifted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.67.

MARA Trading Up 4.1 %

The business’s 50-day moving average is $21.12 and its two-hundred day moving average is $19.08. 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 stock has a market capitalization of $6.51 billion, a PE ratio of 24.28 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,915 shares of company stock worth $2,980,694. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of MARA by 5.6% in 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 acquiring an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after acquiring an additional 570,803 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after acquiring an additional 149,805 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.