MARA (NASDAQ:MARA) Trading Down 11.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded down 11.7% during mid-day trading on Monday . The company traded as low as $13.85 and last traded at $14.15. 17,256,281 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 46,651,772 shares. The stock had previously closed at $16.02.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. B. Riley increased their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays dropped their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.30.

MARA Stock Down 17.0 %

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 firm’s 50-day moving average price is $17.05 and its two-hundred day moving average price is $18.40. The firm has a market cap of $4.60 billion, a PE ratio of 16.97 and a beta of 5.95.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,915 shares of company stock worth $2,289,443. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently modified their holdings of MARA. Truvestments Capital LLC purchased a new stake in MARA during the third quarter worth $26,000. Beacon Capital Management LLC purchased a new stake in shares of MARA in the 4th quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in MARA in the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its holdings 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 acquiring an additional 1,062 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,426 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.