MARA (NASDAQ:MARA) Trading Down 4.1% on Analyst Downgrade

MARA Holdings, Inc. (NASDAQ:MARA) dropped 4.1% on Tuesday after Piper Sandler lowered their price target on the stock from $34.00 to $30.00. Piper Sandler currently has an overweight rating on the stock. MARA traded as low as $13.19 and last traded at $13.23. Approximately 17,032,181 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 37,326,816 shares. The stock had previously closed at $13.79.

A number of other research analysts also recently commented on the company. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.78.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,215 shares of company stock worth $2,033,766. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently modified their holdings of MARA. Park Square Financial Group LLC bought a new stake in MARA during the 4th quarter worth approximately $27,000. United Advisor Group LLC raised its position in shares of MARA by 64.5% in the fourth quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock worth $855,000 after buying an additional 20,007 shares in the last quarter. Mackenzie Financial Corp boosted its stake in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after buying an additional 878 shares during the period. Public Employees Retirement System of Ohio purchased a new position in MARA during the fourth quarter worth about $13,416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MARA by 33.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider’s stock worth $9,717,000 after purchasing an additional 145,953 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Trading Down 4.0 %

The firm has a market cap of $4.49 billion, a P/E ratio of 16.75 and a beta of 5.76. The stock has a 50 day moving average of $17.41 and a 200 day moving average of $18.45. 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 earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

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.