MARA (NASDAQ:MARA) Trading Down 0.2% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 0.2% during trading on Thursday following insider selling activity. The stock traded as low as $21.13 and last traded at $21.57. Approximately 15,690,994 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 56,683,047 shares. The stock had previously closed at $21.61.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several equities research analysts have commented on MARA shares. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.80.

MARA Stock Performance

The company’s 50 day moving average price is $21.22 and its 200-day moving average price is $19.34. 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 stock has a market cap of $6.56 billion, a P/E ratio of 25.78 and a beta of 5.63.

MARA (NASDAQ:MARA) last announced 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). The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. 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) earnings per share. Equities analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On MARA

Several institutional investors have recently bought and sold shares of MARA. Principal Financial Group Inc. boosted its holdings in 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 buying an additional 37,150 shares during the period. Franklin Resources Inc. boosted its holdings in shares of MARA by 62.5% in the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after acquiring an additional 12,157 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of MARA by 4.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 3,200 shares in the last quarter. Geode Capital Management LLC grew its position in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 2,418 shares during the period. 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.