MARA (NASDAQ:MARA) Shares Down 7.1% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 7.1% on Monday . The company traded as low as $16.84 and last traded at $17.13. Approximately 16,575,250 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 56,133,914 shares. The stock had previously closed at $18.44.

Analysts Set New Price Targets

Several equities research analysts have commented on MARA shares. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Barclays started coverage on shares of 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 issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.80.

MARA Price Performance

The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 21.23 and a beta of 5.63. 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 stock’s fifty day moving average price is $21.49 and its 200-day moving average price is $19.27.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during 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%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, equities 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, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the sale, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock valued at $3,258,686 over the last 90 days. 0.97% of the stock is owned by insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its holdings in shares of MARA by 27.7% in the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of MARA in the third quarter valued at $640,000. Finally, Weiss Asset Management LP purchased a new position in MARA in the third quarter valued at $1,557,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.