MARA (NASDAQ:MARA) Shares Down 2.8% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 2.8% during trading on Wednesday following insider selling activity. The stock traded as low as $18.93 and last traded at $19.02. 13,018,091 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 39,357,473 shares. The stock had previously closed at $19.56.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MARA shares. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. JPMorgan Chase & Co. upgraded 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, Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Up 0.7 %

The company has a 50 day moving average of $21.37 and a 200 day moving average of $19.09. 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 capitalization of $6.34 billion, a price-to-earnings ratio of 24.92 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share 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 business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was up 34.4% on a year-over-year basis. On average, research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Advocates Investment Management lifted its position in MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after acquiring an additional 860 shares during the period. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares during the period. Finally, Signaturefd LLC increased its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.