MARA (NASDAQ:MARA) Trading Down 4.7% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price dropped 4.7% during trading on Tuesday . The stock traded as low as $19.02 and last traded at $19.58. Approximately 15,759,921 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 36,272,727 shares. The stock had previously closed at $20.55.

Analysts Set New Price Targets

Several research firms have recently weighed in on MARA. Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Price Performance

The stock has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $19.22. 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 $6.25 billion, a price-to-earnings ratio of 24.58 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. As a group, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,615 shares of company stock worth $3,258,686. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in shares of MARA during the third quarter worth approximately $26,000. Larson Financial Group LLC boosted its stake in MARA by 124.2% during the 3rd 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. Signaturefd LLC grew its holdings in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA in the third quarter valued at about $50,000. Finally, Tobam lifted its stake in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.