MARA (NASDAQ:MARA) Stock Price Down 3.2% – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 3.2% on Tuesday . The stock traded as low as $14.09 and last traded at $14.15. 13,994,058 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 45,874,677 shares. The stock had previously closed at $14.61.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent analyst reports. Rosenblatt Securities began coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Barclays lowered their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.80.

MARA Stock Down 2.7 %

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 stock has a market capitalization of $4.91 billion, a P/E ratio of 17.99 and a beta of 5.95. The stock has a fifty day moving average price of $15.91 and a 200 day moving average price of $18.11.

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

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beacon Capital Management LLC purchased a new stake in shares of MARA during the 4th quarter valued at $26,000. Truvestments Capital LLC purchased a new stake in MARA during the third quarter valued at about $26,000. Park Square Financial Group LLC purchased a new stake in MARA during the fourth quarter valued at about $27,000. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 1,426 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 1,062 shares during 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.