MARA (NASDAQ:MARA) Trading Down 1.9% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) was down 1.9% during trading on Wednesday . The stock traded as low as $12.22 and last traded at $12.34. Approximately 7,396,666 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 45,336,375 shares. The stock had previously closed at $12.58.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler dropped their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Trading Up 2.8 %

The stock has a 50-day simple moving average of $13.43 and a two-hundred day simple moving average of $17.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $4.38 billion, a PE ratio of 16.03 and a beta of 6.10.

MARA (NASDAQ:MARA) last posted its earnings results 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 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%. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction 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 approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA 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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Beacon Capital Management LLC bought a new stake in MARA during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of MARA during the 4th quarter valued at $27,000. Sterling Capital Management LLC lifted its stake in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the period. Finally, Spire Wealth Management increased its stake in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.