MARA (NASDAQ:MARA) Stock Price Down 3.6% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price fell 3.6% during trading on Monday . The stock traded as low as $16.72 and last traded at $17.21. 13,078,542 shares traded hands during trading, a decline of 61% from the average session volume of 33,563,473 shares. The stock had previously closed at $17.86.

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of recent analyst reports. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays initiated coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Price Performance

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 company’s fifty day moving average price is $21.66 and its 200 day moving average price is $19.17. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.97 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its 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). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. Equities research analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’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 $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,410 shares of company stock worth $2,468,329. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in MARA in the third quarter worth approximately $26,000. Larson Financial Group LLC boosted its position in shares of 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 purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC raised its holdings in shares of MARA by 74.8% in the 3rd 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. Capital Performance Advisors LLP acquired a new stake in MARA during the third quarter valued at approximately $50,000. Finally, Tobam grew its position in 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 buying an additional 4,880 shares during the last quarter. Institutional investors and hedge funds 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.