MARA (NASDAQ:MARA) Shares Down 2.6% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 2.6% during trading on Wednesday . The stock traded as low as $17.30 and last traded at $17.19. Approximately 8,841,587 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 37,302,832 shares. The stock had previously closed at $17.65.

Analysts Set New Price Targets

MARA has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Piper Sandler started coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Down 2.9 %

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 firm has a market cap of $5.82 billion, a P/E ratio of 21.70 and a beta of 5.76. The company has a fifty day simple moving average of $20.66 and a 200-day simple moving average of $18.85.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, equities analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,915 shares of company stock worth $2,980,694. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Beacon Capital Management LLC acquired a new stake in shares of MARA in the fourth quarter valued at about $26,000. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth approximately $26,000. Larson Financial Group LLC boosted its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 860 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the last quarter. Institutional investors and hedge funds 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.