MARA (NASDAQ:MARA) Stock Price Down 3.3% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price fell 3.3% during mid-day trading on Monday . The company traded as low as $12.57 and last traded at $12.74. 10,841,118 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 46,133,099 shares. The stock had previously closed at $13.18.

Analyst Ratings Changes

A number of research firms have issued reports on MARA. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, Barclays reduced their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, MARA presently has an average rating of “Hold” and an average target price of $22.80.

MARA Stock Performance

The stock has a 50 day moving average of $16.60 and a 200 day moving average of $18.23. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 16.61 and a beta of 5.95.

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

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s 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 directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock valued at $1,226,825 over the last ninety days. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

Institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in MARA in the third quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA during the fourth quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of MARA by 124.2% during 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 period. Finally, Sterling Capital Management LLC raised 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 worth $31,000 after purchasing an additional 1,426 shares during the period. 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.