MARA (NASDAQ:MARA) Trading Down 3% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARAGet Free Report) traded down 3% during trading on Wednesday . The company traded as low as $16.64 and last traded at $16.77. 32,785,156 shares were traded during trading, a decline of 42% from the average session volume of 56,140,824 shares. The stock had previously closed at $17.29.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, Cantor Fitzgerald started coverage on MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.80.

Check Out Our Latest Stock Analysis on MARA

MARA Price Performance

The company has a market cap of $5.40 billion, a price-to-earnings ratio of 21.23 and a beta of 5.63. 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 company’s 50 day moving average price is $21.49 and its 200-day moving average price is $19.27.

MARA (NASDAQ:MARAGet Free Report) last posted its quarterly earnings data 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 company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. MARA’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MARA by 6.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,773 shares of the business services provider’s stock worth $968,000 after buying an additional 3,132 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in MARA in the second quarter valued at $352,000. Commonwealth Equity Services LLC lifted its holdings in shares of MARA by 15.0% during the second quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider’s stock valued at $1,621,000 after acquiring an additional 10,674 shares during the period. Rhumbline Advisers boosted its stake in shares of MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of MARA during the 2nd quarter worth about $1,314,000. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Company Profile

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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.

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