MARA (NASDAQ:MARA) Shares Down 3.6% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 3.6% during trading on Wednesday . The stock traded as low as $18.14 and last traded at $18.39. 10,995,024 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 35,311,996 shares. The stock had previously closed at $19.07.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. B. Riley increased their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.80.

MARA Stock Down 3.0 %

The firm’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $19.22. 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 firm has a market cap of $5.95 billion, a PE ratio of 23.41 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. MARA’s revenue was up 34.4% compared to the same quarter last year. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity

In other news, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 153,615 shares of company stock valued at $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management lifted its holdings in shares of MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares during the period. Ranch Capital Advisors Inc. lifted its stake in shares of MARA by 6.1% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after acquiring an additional 780 shares during the period. Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% in 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 in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC raised its holdings in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares in 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.