MARA (NASDAQ:MARA) Shares Down 1.5% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) dropped 1.5% during trading on Tuesday . The stock traded as low as $17.56 and last traded at $17.68. Approximately 7,935,551 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 37,839,113 shares. The stock had previously closed at $17.95.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Cantor Fitzgerald began coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

The stock’s fifty day moving average is $20.80 and its 200-day moving average is $18.90. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 22.50 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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 business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. On average, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock worth $2,980,694 in the last ninety days. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of MARA by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,040,465 shares of the business services provider’s stock valued at $34,219,000 after buying an additional 150,367 shares during the period. IFP Advisors Inc raised its position in shares of MARA by 73.7% during the fourth quarter. IFP Advisors Inc now owns 4,496 shares of the business services provider’s stock worth $76,000 after purchasing an additional 1,908 shares during the period. Matauro LLC bought a new position in shares of MARA in the 4th quarter worth $3,676,000. Handelsbanken Fonder AB grew its position in MARA by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 73,800 shares of the business services provider’s stock valued at $1,238,000 after purchasing an additional 3,100 shares during the period. Finally, Private Advisor Group LLC raised its holdings in MARA by 23.8% during the fourth quarter. Private Advisor Group LLC now owns 280,086 shares of the business services provider’s stock worth $4,697,000 after buying an additional 53,887 shares during the last quarter. 44.53% of the stock is owned by 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.