MARA (NASDAQ:MARA) Stock Price Down 0.3% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $16.30 and last traded at $16.72. 8,088,113 shares were traded during mid-day trading, a decline of 77% from the average session volume of 35,748,570 shares. The stock had previously closed at $16.76.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MARA shares. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, MARA currently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

The stock’s 50-day moving average is $19.86 and its 200-day moving average is $18.71. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 20.47 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the business posted ($0.05) EPS. The business’s revenue was up 34.4% on a year-over-year basis. On average, analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,915 shares of company stock worth $2,956,634. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in shares of MARA by 26.4% during the second quarter. Creative Planning now owns 28,890 shares of the business services provider’s stock worth $573,000 after buying an additional 6,035 shares in the last quarter. VitalStone Financial LLC boosted its stake in MARA by 27.0% during the 3rd quarter. VitalStone Financial LLC now owns 64,276 shares of the business services provider’s stock valued at $1,043,000 after acquiring an additional 13,670 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in MARA by 49.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 43,203 shares of the business services provider’s stock worth $701,000 after acquiring an additional 14,267 shares in the last quarter. Avaii Wealth Management LLC bought a new stake in shares of MARA in the 3rd quarter worth about $250,000. Finally, AlphaMark Advisors LLC raised its stake in shares of MARA by 10.3% in the 3rd quarter. AlphaMark Advisors LLC now owns 21,058 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 1,962 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.