MARA (NASDAQ:MARA) Shares Down 1.7% – Time to Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 1.7% during trading on Tuesday . The stock traded as low as $24.71 and last traded at $25.96. Approximately 26,915,652 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 55,717,629 shares. The stock had previously closed at $26.42.

Analyst Ratings Changes

Several analysts have weighed in on MARA shares. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of MARA in a research report on Monday. They issued an “equal weight” rating and a $27.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald began coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.33.

MARA Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 34.08 and a beta of 5.52. The business has a fifty day moving average price of $18.42 and a 200 day moving average price of $18.82.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) 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 business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the firm posted ($0.05) EPS. The firm’s revenue was up 34.4% compared to the same quarter last year. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at $33,022,547.90. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,822 shares of company stock valued at $2,702,877 in the last quarter. Insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Advocates Investment Management grew its stake in shares of MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. grew its position in shares of MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after buying an additional 780 shares during the last quarter. Larson Financial Group LLC grew its position in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after buying an additional 1,170 shares during the period. Finally, Signaturefd LLC lifted 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 worth $48,000 after acquiring an additional 1,273 shares during the period. 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.