MARA (NASDAQ:MARA) Shares Down 3.2% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 3.2% during mid-day trading on Tuesday . The company traded as low as $14.09 and last traded at $14.15. Approximately 13,994,058 shares traded hands during trading, a decline of 69% from the average daily volume of 45,874,677 shares. The stock had previously closed at $14.61.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Barclays decreased their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Stock Down 1.1 %

The stock has a 50-day moving average price of $15.76 and a 200-day moving average price of $18.09. The company has a market capitalization of $4.72 billion, a P/E ratio of 17.27 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

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 analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on 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 owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,710 shares of company stock valued at $1,226,825. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MARA. Vanguard Group Inc. increased its holdings in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC increased its stake in MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after purchasing an additional 518,503 shares in the last quarter. American Century Companies Inc. raised its holdings in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Northern Trust Corp lifted its stake in shares of MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after buying an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.