MARA (NASDAQ:MARA) Trading Down 3.6% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as $18.14 and last traded at $18.39. 10,995,024 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 35,311,996 shares. The stock had previously closed at $19.07.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MARA shares. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. 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 currently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Trading Down 2.6 %

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $21.57 and its 200 day simple moving average is $19.21. The stock has a market cap of $5.75 billion, a P/E ratio of 22.61 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. As a group, analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock valued at $3,258,686 in the last quarter. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares during the period. Public Sector Pension Investment Board purchased a new position in MARA in the 2nd quarter worth approximately $11,920,000. Geode Capital Management LLC boosted its position in MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the period. Thrivent Financial for Lutherans bought a new stake in MARA in the 2nd quarter worth $4,498,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 8.9% during the third 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 acquiring an additional 217,106 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.