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

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 3.2% during trading on Friday . The stock traded as low as $20.01 and last traded at $20.13. Approximately 15,279,540 shares traded hands during trading, a decline of 72% from the average daily volume of 53,957,215 shares. The stock had previously closed at $20.79.

Analyst Ratings Changes

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

MARA Trading Down 2.9 %

The company has a market cap of $6.49 billion, a price-to-earnings ratio of 25.48 and a beta of 5.52. The business’s fifty day moving average price is $17.23 and its 200 day moving average price is $18.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 3.75.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. Research analysts anticipate that MARA Holdings, Inc. will post -1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.70, for a total transaction of $262,190.00. Following the completion of the sale, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,417 shares of company stock valued at $1,524,546 over the last quarter. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in MARA by 1.9% in the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares in the last quarter. Bank of New York Mellon Corp increased its stake in MARA by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares in the last quarter. 44.53% of the stock is owned by 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.