MARA (NASDAQ:MARA) Trading Down 3.8% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price fell 3.8% on Thursday . The stock traded as low as $17.66 and last traded at $18.34. 28,997,428 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 39,033,398 shares. The stock had previously closed at $19.07.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MARA. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Barclays began coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Finally, Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. 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’s stock. According to MarketBeat, MARA has an average rating of “Hold” and an average target price of $25.80.

MARA Trading Down 2.6 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $21.57 and its 200-day moving average price is $19.21. The stock has a market capitalization of $5.75 billion, a P/E ratio of 22.61 and a beta of 5.76.

MARA (NASDAQ:MARA) last released 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 business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock valued at $3,258,686 over the last 90 days. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in MARA during the second quarter valued at $11,920,000. Geode Capital Management LLC grew its position in MARA by 5.6% during 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 buying an additional 378,542 shares during the period. Thrivent Financial for Lutherans acquired a new stake in MARA during the second quarter valued at $4,498,000. Finally, Charles Schwab Investment Management Inc. grew its position in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the period. Hedge funds and other 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.