MARA (NASDAQ:MARA) Shares Down 3.9% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 3.9% during mid-day trading on Tuesday . The stock traded as low as $18.66 and last traded at $19.13. Approximately 22,321,217 shares changed hands during trading, a decline of 42% from the average daily volume of 38,625,863 shares. The stock had previously closed at $19.91.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. 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 research note on Tuesday, December 10th. Barclays started coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie upped their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, B. Riley upped their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.67.

MARA Stock Down 1.0 %

The stock has a market cap of $6.34 billion, a PE ratio of 24.88 and a beta of 5.76. 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 company has a 50 day moving average price of $21.53 and a two-hundred day moving average price of $19.10.

MARA (NASDAQ:MARA) last posted its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the company posted ($0.05) EPS. MARA’s revenue was up 34.4% on a year-over-year basis. Analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 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 $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,410 shares of company stock worth $2,485,329. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake 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. Mutual of America Capital Management LLC lifted its stake in shares of MARA by 79.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 42,647 shares in the last quarter. Amalgamated Bank increased its stake in MARA by 1,000.2% in the 2nd quarter. Amalgamated Bank now owns 83,275 shares of the business services provider’s stock worth $1,653,000 after buying an additional 75,706 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in MARA by 67.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 7,827 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of MARA by 101.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 28,093 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 14,156 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.