MARA (NASDAQ:MARA) Trading Down 2.6% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 2.6% on Wednesday . The stock traded as low as $17.30 and last traded at $17.19. 8,841,587 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 37,302,832 shares. The stock had previously closed at $17.65.

Analysts Set New Price Targets

Several brokerages have commented on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Finally, B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. 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 a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 2.9 %

The stock has a market capitalization of $5.82 billion, a PE ratio of 21.70 and a beta of 5.76. The company has a 50 day moving average price of $20.66 and a 200-day moving average price of $18.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,915 shares of company stock worth $2,980,694. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after buying an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. raised its position in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC raised its position in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after buying an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new position in MARA during the third quarter worth $640,000. Finally, Weiss Asset Management LP acquired a new stake in shares of MARA in the third quarter valued at about $1,557,000. 44.53% of the stock is owned by institutional investors and hedge funds.

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.