MARA (NASDAQ:MARA) Trading Down 0.6% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) dropped 0.6% on Friday . The company traded as low as $18.66 and last traded at $19.07. Approximately 10,025,627 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 38,101,496 shares. The stock had previously closed at $19.18.

Analysts Set New Price Targets

MARA has been the subject of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Barclays started coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.67.

MARA Stock Down 4.4 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $20.97 and a 200-day moving average price of $18.98. The firm has a market capitalization of $6.22 billion, a PE ratio of 23.22 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings results 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 company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MARA. Truvestments Capital LLC acquired a new position in MARA during the third quarter worth $26,000. Beacon Capital Management LLC acquired a new position in MARA during the fourth quarter worth $26,000. Larson Financial Group LLC lifted its stake in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.