MARA (NASDAQ:MARA) Stock Price Down 2.4% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price dropped 2.4% during mid-day trading on Wednesday . The company traded as low as $13.57 and last traded at $13.91. Approximately 11,003,975 shares changed hands during trading, a decline of 76% from the average daily volume of 45,625,362 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

MARA has been the topic of several analyst reports. Barclays dropped their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Piper Sandler decreased their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $15.85 and its two-hundred day moving average price is $18.12. The company has a market cap of $4.73 billion, a P/E ratio of 17.26 and a beta of 5.95.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) 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 firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction 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. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $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. Insiders have sold 72,710 shares of company stock valued at $1,226,825 over the last three months. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several large investors have recently added to or reduced their stakes in MARA. Natixis Advisors LLC purchased a new position in shares of MARA during the third quarter valued at $255,000. Thrivent Financial for Lutherans boosted its position in MARA by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 231,248 shares of the business services provider’s stock worth $3,751,000 after acquiring an additional 4,654 shares during the period. Intech Investment Management LLC acquired a new stake in MARA during the 3rd quarter worth about $1,107,000. Charles Schwab Investment Management Inc. grew its stake in MARA by 8.9% during the 3rd 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 acquiring an additional 217,106 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of MARA by 97.4% in the 3rd quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock valued at $435,000 after purchasing an additional 13,232 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

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.