MARA (NASDAQ:MARA) Stock Price Down 0.2% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 0.2% on Friday . The company traded as low as $19.81 and last traded at $20.33. 16,950,789 shares were traded during trading, a decline of 70% from the average session volume of 56,646,207 shares. The stock had previously closed at $20.37.

Analyst Ratings Changes

MARA has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average price target of $25.80.

MARA Stock Down 1.0 %

The stock’s 50 day moving average is $21.32 and its 200 day moving average is $19.35. The company has a market capitalization of $6.49 billion, a PE ratio of 25.52 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. During the same quarter in the prior year, the company earned ($0.05) EPS. The company’s revenue was up 34.4% on a year-over-year basis. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock valued at $3,258,686 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

Several hedge funds have recently bought and sold shares of MARA. Financial Advocates Investment Management raised its position in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after buying an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. lifted its stake in MARA by 6.1% during the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% in the 3rd 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 in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. 44.53% of the stock is currently owned by 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.