MARA (NASDAQ:MARA) Trading Down 3.7% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 3.7% on Friday . The stock traded as low as $17.42 and last traded at $17.67. 11,442,715 shares traded hands during trading, a decline of 67% from the average session volume of 34,216,555 shares. The stock had previously closed at $18.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Piper Sandler assumed coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Finally, Barclays began coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. 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. Based on data from MarketBeat, MARA currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Trading Down 2.6 %

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 $5.75 billion, a price-to-earnings ratio of 22.61 and a beta of 5.76. The company has a fifty day moving average price of $21.60 and a two-hundred day moving average price of $19.20.

MARA (NASDAQ:MARA) last issued its earnings results 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). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock worth $3,258,686 in the last ninety days. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MARA. Dimensional Fund Advisors LP grew its holdings in shares of MARA by 261.1% in the second 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 in the last quarter. Public Sector Pension Investment Board acquired a new position in shares of MARA in the second quarter worth $11,920,000. Geode Capital Management LLC raised its stake in shares of MARA by 5.6% in 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 acquiring an additional 378,542 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in MARA in the second quarter valued at $4,498,000. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About MARA

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.