MARA (NASDAQ:MARA) Stock Price Down 3.8% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 3.8% on Thursday . The stock traded as low as $17.66 and last traded at $18.34. 28,997,428 shares changed 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.

Analysts Set New Price Targets

MARA has been the subject of several recent research reports. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $25.80.

MARA Stock Down 3.8 %

The company has a market capitalization of $5.90 billion, a PE ratio of 23.22 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock’s 50 day moving average is $21.53 and its 200 day moving average is $19.22.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s revenue was up 34.4% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. On average, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % 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 in the last quarter. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in MARA during the third quarter valued at $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% during the third 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. Signaturefd LLC increased its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA in the third quarter worth about $50,000. Finally, Tobam grew its holdings in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.