MARA (NASDAQ:MARA) Stock Price Down 2.4% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 2.4% on Friday . The company traded as low as $12.11 and last traded at $12.21. 9,809,606 shares changed hands during trading, a decline of 79% from the average session volume of 45,773,715 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays lowered their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.80.

MARA Trading Down 2.5 %

The company has a market cap of $4.21 billion, a price-to-earnings ratio of 15.40 and a beta of 5.95. The firm has a 50 day moving average price of $16.08 and a two-hundred day moving average price of $18.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,710 shares of company stock worth $1,226,825. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth approximately $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA in the fourth quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA in the fourth quarter worth approximately $27,000. Larson Financial Group LLC raised 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 purchasing an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,426 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.