MARA (NASDAQ:MARA) Shares Down 0.2% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 0.2% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $21.13 and last traded at $21.57. 15,690,994 shares traded hands during trading, a decline of 72% from the average session volume of 56,683,047 shares. The stock had previously closed at $21.61.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MARA. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. 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 research note on Tuesday, December 10th. Piper Sandler started coverage on MARA in a research note on Tuesday. They issued an “overweight” rating and a $34.00 price objective for the company. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.50.

MARA Stock Performance

The company has a 50 day moving average of $21.22 and a two-hundred day moving average of $19.34. The company has a market capitalization of $6.83 billion, a PE ratio of 26.85 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the period. Bank of New York Mellon Corp grew its stake in shares of MARA by 186.6% during the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares during the period. Hedge funds and other 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.