MARA (NASDAQ:MARA) Stock Price Down 3.3% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) fell 3.3% during mid-day trading on Monday . The company traded as low as $12.57 and last traded at $12.74. 10,841,118 shares changed hands during trading, a decline of 77% from the average session volume of 46,133,099 shares. The stock had previously closed at $13.18.

Analyst Ratings Changes

A number of research firms recently issued reports on MARA. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock Down 0.2 %

The firm has a fifty day simple moving average of $16.60 and a 200-day simple moving average of $18.23. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 16.61 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction 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 trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 in the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Spire Wealth Management increased its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the period. United Services Automobile Association increased its position in shares of MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock worth $320,000 after purchasing an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the period. Mackenzie Financial Corp grew its position in MARA by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 878 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in MARA by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 992 shares during the last quarter. 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.