MARA (NASDAQ:MARA) Trading Down 4.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) was down 4.7% on Tuesday . The stock traded as low as $19.02 and last traded at $19.58. Approximately 15,759,921 shares changed hands during trading, a decline of 57% from the average daily volume of 36,272,727 shares. The stock had previously closed at $20.55.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald started 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. Macquarie boosted their price target 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. B. Riley increased their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.80.

MARA Trading Down 3.8 %

The company’s 50 day simple moving average is $21.53 and its 200-day simple moving average is $19.22. The firm has a market cap of $5.90 billion, a P/E ratio of 23.22 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the prior year, the business posted ($0.05) earnings per share. MARA’s revenue was up 34.4% on a year-over-year basis. As a group, research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal 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, December 16th. The stock was 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 directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,615 shares of company stock worth $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several hedge funds have recently modified their holdings of MARA. Financial Advocates Investment Management increased its position 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 in the last quarter. Ranch Capital Advisors Inc. increased its position in MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after buying an additional 780 shares in the last quarter. Larson Financial Group LLC increased its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after buying an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.