MARA (NASDAQ:MARA) Shares Down 3.7% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 3.7% on Monday . The stock traded as low as $16.87 and last traded at $17.66. 16,869,231 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 38,062,875 shares. The stock had previously closed at $18.34.

Analyst Ratings Changes

MARA has been the topic of several recent research reports. Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald initiated coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.78 billion, a PE ratio of 21.56 and a beta of 5.76. The firm’s 50-day simple moving average is $20.66 and its 200-day simple moving average is $18.85.

MARA (NASDAQ:MARA) last announced 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). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Truvestments Capital LLC purchased a new stake in shares of MARA during the third quarter valued at about $26,000. Beacon Capital Management LLC purchased a new stake in MARA during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC boosted its stake 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 acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of 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. Hedge funds and other institutional investors 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.