MARA (NASDAQ:MARA) Shares Down 2.4% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 2.4% during trading on Friday . The stock traded as low as $12.11 and last traded at $12.21. 9,809,606 shares changed hands during trading, a decline of 79% from the average session volume of 45,773,715 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

A number of analysts have weighed in on MARA shares. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Rosenblatt Securities started coverage on shares of MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $22.80.

MARA Trading Down 1.0 %

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 company has a market cap of $4.28 billion, a P/E ratio of 15.67 and a beta of 5.95. The firm’s 50 day moving average is $15.97 and its two-hundred day moving average is $18.08.

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

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 over the last quarter. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in shares of MARA during the third quarter valued at about $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA during the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA during the fourth quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in shares of MARA by 124.2% during 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. Finally, Sterling Capital Management LLC raised its holdings in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares during the period. 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.