MARA (NASDAQ:MARA) Shares Down 3.2% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 3.2% during trading on Friday . The stock traded as low as $20.01 and last traded at $20.13. Approximately 15,279,540 shares were traded during trading, a decline of 72% from the average daily volume of 53,957,215 shares. The stock had previously closed at $20.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MARA shares. JPMorgan Chase & Co. decreased their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday. Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Macquarie assumed coverage on shares of MARA in a report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus target price of $21.57.

MARA Trading Down 2.9 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 3.75. The firm has a market capitalization of $6.49 billion, a PE ratio of 25.48 and a beta of 5.52. The firm’s fifty day moving average is $17.23 and its two-hundred day moving average is $18.56.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that MARA Holdings, Inc. will post -1.05 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the transaction, the chief financial officer now directly owns 2,077,232 shares in the company, valued at $36,351,560. The trade was 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 through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,417 shares of company stock worth $1,524,546 over the last three months. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

A number of institutional investors have recently modified their holdings of MARA. Truvestments Capital LLC purchased a new stake in shares of MARA during the 3rd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC increased its holdings in MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after acquiring an additional 695 shares during the period. Larson Financial Group LLC increased its holdings 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 acquiring an additional 1,062 shares during the period. Signaturefd LLC increased its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in MARA during the 3rd quarter worth approximately $50,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.