MARA (NASDAQ:MARA) Shares Down 7.2% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA) fell 7.2% during trading on Friday . The company traded as low as $9.81 and last traded at $10.42. 15,402,514 shares were traded during trading, a decline of 66% from the average session volume of 45,336,099 shares. The stock had previously closed at $11.23.

Analyst Ratings Changes

Several brokerages have weighed in on MARA. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Piper Sandler reduced their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock 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 stock has a market capitalization of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09. The stock has a 50 day moving average of $14.71 and a 200 day moving average of $17.91.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during 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%. Equities analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated 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 directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,710 shares of company stock valued at $1,226,825. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Weiss Asset Management LP acquired a new stake in MARA in the third quarter worth approximately $1,557,000. Capital Advisors Inc. OK acquired a new stake in shares of MARA in the fourth quarter valued at $699,000. Arkadios Wealth Advisors bought a new position in MARA during the fourth quarter valued at about $231,000. Foundations Investment Advisors LLC grew its holdings in MARA by 61.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock worth $1,877,000 after acquiring an additional 42,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in 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 worth $50,787,000 after acquiring an additional 372,094 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.