MARA (NASDAQ:MARA) Shares Down 3.7% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 3.7% on Friday . The company traded as low as $17.42 and last traded at $17.67. 11,442,715 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 34,216,555 shares. The stock had previously closed at $18.34.

Analyst Ratings Changes

Several brokerages have issued reports on MARA. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Trading Down 2.6 %

The firm has a market cap of $5.75 billion, a PE ratio of 22.61 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business has a 50-day moving average price of $21.57 and a two-hundred day moving average price of $19.21.

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 the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter last year, the business posted ($0.05) earnings per share. The business’s revenue was up 34.4% compared to the same quarter last year. Analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 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 $646,367.50. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’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 sale, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of MARA during the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its holdings in 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 purchasing an additional 1,062 shares during the period. 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 worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in MARA during the third quarter worth approximately $50,000. Finally, Tobam boosted its holdings in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.