MARA (NASDAQ:MARA) Shares Down 7.5% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 7.5% on Friday . The company traded as low as $12.50 and last traded at $12.62. Approximately 12,834,253 shares were traded during trading, a decline of 72% from the average daily volume of 45,453,456 shares. The stock had previously closed at $13.64.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective 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 reduced their target price 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 issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $22.80.

MARA Trading Down 8.3 %

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.33 billion, a P/E ratio of 15.81 and a beta of 5.95. The business has a 50 day moving average of $15.67 and a 200-day moving average of $18.06.

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

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’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 transaction, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’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 directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

Several hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in MARA during the third quarter valued at approximately $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of MARA in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares during 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.