MARA (NASDAQ:MARA) Trading Down 0.1% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) traded down 0.1% on Tuesday . The company traded as low as $12.81 and last traded at $13.39. 13,787,927 shares traded hands during trading, a decline of 70% from the average session volume of 46,656,866 shares. The stock had previously closed at $13.41.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Barclays cut their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $23.30.

MARA Stock Down 0.7 %

The stock’s fifty day simple moving average is $16.97 and its two-hundred day simple moving average is $18.38. The stock has a market capitalization of $4.61 billion, a P/E ratio of 16.86 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its 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. 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 the consensus estimate of $187.11 million. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were 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 $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction 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 in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,915 shares of company stock valued at $2,289,443. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

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