MARA (NASDAQ:MARA) Shares Down 4.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 4.7% during trading on Monday . The stock traded as low as $25.25 and last traded at $26.13. 36,021,860 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 56,193,160 shares. The stock had previously closed at $27.42.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. 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 target price for the company. Finally, Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.33.

MARA Stock Performance

The company’s fifty day moving average is $19.12 and its 200 day moving average is $19.00. The company has a market capitalization of $7.76 billion, a P/E ratio of 33.08 and a beta of 5.52. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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 negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, equities analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Activity

In other news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,822 shares of company stock worth $2,702,877. 0.97% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently made changes to their positions in MARA. Geode Capital Management LLC increased 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MARA by 261.1% in 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 purchasing an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after purchasing an additional 1,327,969 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares in the last quarter. Hedge funds and other 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.