MARA (NASDAQ:MARA) Shares Down 5.4% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) was down 5.4% during mid-day trading on Thursday . The stock traded as low as $20.51 and last traded at $20.53. Approximately 21,257,213 shares changed hands during trading, a decline of 61% from the average daily volume of 54,015,820 shares. The stock had previously closed at $21.70.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday. Macquarie assumed coverage on shares of MARA in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, MARA has an average rating of “Hold” and a consensus price target of $21.57.

MARA Trading Up 1.3 %

The stock has a 50-day moving average of $17.38 and a two-hundred day moving average of $18.58. The company has a market cap of $6.78 billion, a P/E ratio of 26.67 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.75 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) 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 firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.05 earnings per share for the current year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,417 shares of company stock worth $1,524,546. Insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC raised its position in shares of MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 695 shares during the period. Truvestments Capital LLC bought a new position in MARA in the 3rd quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in 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 buying an additional 1,062 shares in the last quarter. Signaturefd LLC raised its position in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of MARA in the third quarter worth $50,000. 44.53% of the stock is owned by hedge funds and other 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.