MARA (NASDAQ:MARA) Sets New 1-Year Low – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $11.29 and last traded at $11.72, with a volume of 7676634 shares traded. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

Several analysts recently commented on MARA shares. Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. Barclays reduced their target price 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. B. Riley increased their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

MARA Stock Performance

The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.99 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a 50-day moving average of $15.20 and a 200 day moving average of $18.01.

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

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 in the last three months. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several hedge funds have recently added to or reduced their stakes in the business. Beacon Capital Management LLC acquired a new stake in shares of MARA during the fourth quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC increased its stake in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the period. Finally, Spire Wealth Management lifted its stake in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.