MARA (NASDAQ:MARA) Stock Price Down 2.9% – Here’s Why

MARA Holdings (NASDAQ:MARA)’s stock price traded down 2.9% on Friday. The stock traded as low as $12.12 and last traded at $12.55. 36,653,737 shares changed hands during trading, a decline of 21% from the average daily volume of 46,412,340 shares. The stock had previously closed at $12.92.

More MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: MARA’s large Bitcoin holdings could provide significant upside if cryptocurrency prices recover. The company held 35,577 Bitcoin at the end of June, although 9,270 were loaned or pledged as collateral. Analysts’ six-month median price target is $15, above the recent share price, with some targets as high as $24–$27. Can MARA Holdings Trade At A Premium After Its Bitcoin Buy?
• Neutral Sentiment: Investors are evaluating whether MARA can command a premium based on its Bitcoin holdings and potential expansion into artificial intelligence and high-performance computing, rather than valuing the company solely on its declining sales base. Institutional positioning was mixed in the latest quarter, with several large funds adding shares while others exited.
• Negative Sentiment: Bitcoin’s decline was the most immediate pressure on the stock. MARA typically moves more sharply than Bitcoin because investors use it as a higher-beta cryptocurrency trade. MARA slips as softer bitcoin prices add to pressure from a recent analyst downgrade
• Negative Sentiment: A recent major-bank downgrade to Underweight, accompanied by an $11 price target, continues to weigh on sentiment. The analyst cited uncertainty around MARA’s capital-light AI and high-performance-computing strategy.
• Negative Sentiment: MARA’s second-quarter results were weak: revenue fell 27% year over year to $174.9 million, while the company reported a $611.3 million net loss, largely reflecting fair-value losses on digital assets. The results missed consensus expectations and reinforce concerns about profitability.
• Negative Sentiment: Insider selling is another overhang. CEO Frederick Thiel recently sold 27,505 shares, and company insiders reportedly recorded 19 open-market sales with no purchases during the past six months. MARA Holdings CEO Frederick Thiel Sells 27,505 Shares

Wall Street Analyst Weigh In

MARA has been the subject of several recent analyst reports. Cantor Fitzgerald lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. HC Wainwright started coverage on MARA in a research report on Friday, September 11th. They set a “buy” rating and a $20.00 target price for the company. Citizens Jmp began coverage on shares of MARA in a research note on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price objective for the company. Piper Sandler lowered their price target on MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of MARA in a report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $19.20.

MARA Trading Down 2.9%

The firm’s 50 day moving average is $11.26 and its 200 day moving average is $11.61. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -1.37 and a beta of 5.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($1.77). MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The company had revenue of $174.88 million during the quarter, compared to analyst estimates of $209.44 million. During the same quarter in the previous year, the business posted $1.84 EPS. The company’s revenue was down 26.7% on a year-over-year basis. Equities analysts forecast that MARA Holdings will post -1.65 earnings per share for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Khan sold 16,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the transaction, the chief financial officer owned 377,066 shares in the company, valued at approximately $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $11.45, for a total value of $314,932.25. Following the completion of the sale, the chief executive officer directly owned 4,308,192 shares of the company’s stock, valued at approximately $49,328,798.40. This trade represents a 0.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 79,386 shares of company stock worth $816,125. 0.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MARA. Ascentis Independent Advisors purchased a new stake in shares of MARA during the first quarter valued at $28,000. Bogart Wealth LLC grew its stake in MARA by 4,345.1% during the 1st quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock worth $33,000 after purchasing an additional 3,954 shares in the last quarter. IFP Advisors Inc lifted its position in MARA by 1,154.9% in the second quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 2,229 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in MARA during the 4th quarter worth about $36,000. Finally, Hantz Financial Services Inc. grew its stake in shares of MARA by 344.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock valued at $45,000 after buying an additional 3,893 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.