MARA (NASDAQ:MARA) Stock Price Down 6.4% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) was down 6.4% during mid-day trading on Monday . The company traded as low as $11.29 and last traded at $11.68. Approximately 13,748,691 shares traded hands during trading, a decline of 70% from the average daily volume of 45,366,767 shares. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MARA. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Barclays reduced their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Stock Performance

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’s 50 day moving average price is $15.52 and its 200 day moving average price is $18.07. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 14.70 and a beta of 5.95.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (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 firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following 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. The trade was a 0.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock worth $1,226,825 in the last ninety days. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in MARA during the 4th quarter worth about $46,413,000. Vanguard Group Inc. increased its position in MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the period. Price T Rowe Associates Inc. MD increased its position in MARA by 192.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after purchasing an additional 1,248,292 shares during the period. American Century Companies Inc. lifted its position in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after purchasing an additional 1,240,354 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of MARA in the 4th quarter valued at $13,416,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.