MARA (NASDAQ:MARA) Stock Price Down 6.2% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) fell 6.2% during mid-day trading on Thursday . The stock traded as low as $11.38 and last traded at $11.55. Approximately 11,112,023 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 45,364,672 shares. The stock had previously closed at $12.31.

Analyst Ratings Changes

Several research analysts have commented on MARA shares. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Piper Sandler decreased their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Thursday, February 27th. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Trading Down 4.6 %

The stock has a market capitalization of $4.06 billion, a P/E ratio of 14.92 and a beta of 6.10. The stock’s fifty day moving average price is $14.00 and its 200 day moving average price is $17.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. Research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents 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 valued at $1,226,825 in the last 90 days. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MARA. Norges Bank acquired a new stake in shares of MARA in the fourth quarter worth $46,413,000. Vanguard Group Inc. grew its position in MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of MARA by 192.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after buying an additional 1,248,292 shares during the last quarter. 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. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of MARA in the fourth quarter worth about $13,416,000. 44.53% of the stock is owned by institutional investors and hedge funds.

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.