MARA (NASDAQ:MARA) Hits New 12-Month Low – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.29 and last traded at $11.72, with a volume of 7676634 shares changing hands. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MARA shares. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays decreased 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 report on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Finally, Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MARA currently has an average rating of “Hold” and an average price target of $22.80.

MARA Price Performance

The stock has a market cap of $4.01 billion, a P/E ratio of 14.68 and a beta of 5.95. 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 business has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $18.07.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during 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%. On average, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MARA by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock valued at $128,755,000 after acquiring an additional 518,503 shares in the last quarter. American Century Companies Inc. raised its position in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Northern Trust Corp boosted its stake in MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after purchasing an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.