MARA (NASDAQ:MARA) Shares Down 11.7% – Should You Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 11.7% during trading on Monday . The company traded as low as $13.85 and last traded at $14.15. 17,256,281 shares traded hands during 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 Analysts Forecast Growth

Several research firms have recently issued reports on MARA. Piper Sandler reduced their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays reduced their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Compass Point downgraded shares of 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 report on Thursday, November 21st. One equities 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.30.

MARA Stock Performance

The stock has a market capitalization of $4.61 billion, a PE ratio of 16.86 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business’s fifty day moving average price is $16.97 and its 200-day moving average price is $18.38.

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

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,915 shares of company stock worth $2,289,443. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in MARA during the third quarter valued at approximately $26,000. Beacon Capital Management LLC bought a new position in MARA during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new position in MARA during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC grew its position in 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 acquiring an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares during the last quarter. 44.53% of the stock is currently 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.