MARA (NASDAQ:MARA) Shares Down 0.2% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 0.2% on Friday . The stock traded as low as $19.81 and last traded at $20.33. 16,950,789 shares traded hands during trading, a decline of 70% from the average session volume of 56,646,207 shares. The stock had previously closed at $20.37.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Barclays assumed coverage on MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Down 2.0 %

The firm’s fifty day moving average is $21.40 and its 200-day moving average is $19.34. The company has a market capitalization of $6.42 billion, a P/E ratio of 25.27 and a beta of 5.63. 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 results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock valued at $3,258,686 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in shares of MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC lifted its stake in shares of MARA by 124.2% in the third 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. Signaturefd LLC boosted its holdings in 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 during the last quarter. Capital Performance Advisors LLP acquired a new stake in MARA during the 3rd quarter valued at approximately $50,000. Finally, Tobam raised its holdings in MARA by 173.0% during the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the last quarter. 44.53% of the stock is currently 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.