MARA (NASDAQ:MARA) Trading Down 3.2% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 3.2% during trading on Tuesday . The stock traded as low as $14.09 and last traded at $14.15. 13,994,058 shares changed hands during trading, a decline of 69% from the average session volume of 45,874,677 shares. The stock had previously closed at $14.61.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Barclays reduced their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.80.

MARA Trading Down 2.7 %

The firm has a market cap of $4.91 billion, a P/E ratio of 17.99 and a beta of 5.95. The stock has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $18.11. 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 announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’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 transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after buying an additional 677,199 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of MARA by 2.9% during the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock valued at $4,606,000 after purchasing an additional 7,864 shares in the last quarter. Park Square Financial Group LLC purchased a new position in MARA during the fourth quarter valued at approximately $27,000. United Advisor Group LLC increased its holdings in shares of MARA by 64.5% in the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock valued at $855,000 after acquiring an additional 20,007 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after buying an additional 878 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.