MARA (NASDAQ:MARA) Shares Down 4.4% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 4.4% during mid-day trading on Tuesday . The stock traded as low as $12.16 and last traded at $12.39. 11,352,762 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 46,077,319 shares. The stock had previously closed at $12.97.

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 price target for the company. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

The stock has a fifty day moving average price of $16.45 and a 200-day moving average price of $18.21. The firm has a market capitalization of $4.26 billion, a PE ratio of 15.60 and a beta of 5.95. 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 announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last ninety days. 0.80% of the stock is owned by insiders.

Institutional Trading of MARA

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after buying an additional 2,706,271 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after buying an additional 518,503 shares during the period. American Century Companies Inc. lifted its holdings in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp lifted its holdings in shares of MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after buying an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.