MARA (NASDAQ:MARA) Trading Down 4.2% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 4.2% during mid-day trading on Monday . The stock traded as low as $19.02 and last traded at $19.13. Approximately 11,339,282 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 56,620,906 shares. The stock had previously closed at $19.96.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MARA shares. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note 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. Finally, Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Price Performance

The firm has a 50-day moving average of $21.40 and a 200-day moving average of $19.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market cap of $6.23 billion, a PE ratio of 24.52 and a beta of 5.63.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) 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 analysts’ expectations of $140.26 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. Research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insiders Place Their Bets

In related news, 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 value 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. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’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 $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,615 shares of company stock worth $3,258,686 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently made changes to their positions in MARA. Truvestments Capital LLC purchased a new stake in MARA during the third quarter valued at approximately $26,000. Larson Financial Group LLC increased its position in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC raised its holdings in 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 during the period. Capital Performance Advisors LLP bought a new stake in MARA in the third quarter worth $50,000. Finally, Tobam boosted its stake in MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after buying an additional 4,880 shares during the period. 44.53% of the stock is owned by hedge funds and other 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.