MARA (NASDAQ:MARA) Stock Price Down 2.4% – Should You Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 2.4% during mid-day trading on Wednesday . The company traded as low as $13.57 and last traded at $13.91. 11,003,975 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 45,625,362 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MARA shares. B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays dropped their price objective 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 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’s stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock Down 4.1 %

The stock has a market cap of $4.73 billion, a P/E ratio of 17.26 and a beta of 5.95. 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 business has a 50-day simple moving average of $15.85 and a 200-day simple moving average of $18.12.

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

Insider Activity

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

Institutional Investors Weigh In On MARA

Several hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the period. Weiss Asset Management LP acquired a new stake in shares of MARA during the 3rd quarter worth approximately $1,557,000. Intech Investment Management LLC bought a new stake in shares of MARA during the third quarter valued at approximately $1,107,000. Public Sector Pension Investment Board raised its stake in shares of MARA by 4.0% in the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after purchasing an additional 24,300 shares in the last quarter. Finally, Capital Advisors Inc. OK bought a new position in MARA in the fourth quarter worth $699,000. 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.