MARA (NASDAQ:MARA) Stock Price Down 14.4% – Here’s Why

MARA Holdings (NASDAQ:MARA) fell 14.4% on Thursday. The stock traded as low as $5.69 and last traded at $5.88. 42,133,412 shares were traded during trading, a decline of 6% from the average daily volume of 44,980,211 shares. The stock had previously closed at $6.87.

Key MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: The Federal Energy Regulatory Commission approved MARA’s acquisition of Long Ridge Energy & Power, finding it consistent with the public interest. The deal would add a 505-megawatt power plant and more than 1,600 acres for a digital infrastructure campus; closing is expected in the coming weeks. The approval clears a key regulatory condition for the transaction. FERC approval announcement
• Neutral Sentiment: Bitcoin-investor flows were mixed in the second quarter: some large investors added exposure, while hedge funds reduced Bitcoin ETF holdings by 22%. The report offers broader context for MARA’s crypto-linked business, but does not establish a clear near-term direction for the stock. Bitcoin ETF ownership report
• Negative Sentiment: MARA transferred 1,650 BTC, valued at about $132.8 million, to Galaxy Digital, Copper and other platforms. The reports do not establish whether the Bitcoin was sold, but the movement may raise investor questions about treasury management and funding for the company’s expansion. Bitcoin transfer report
• Negative Sentiment: The Long Ridge purchase is part of a capital-intensive AI and high-performance-computing push, alongside Texas land spending. Reports cite roughly $1.51 billion for the power plant and financing that includes debt and a Bitcoin-backed loan, leaving execution, leverage and returns as significant risks. MARA expansion and financing overview
• Negative Sentiment: Recent coverage described MARA shares sliding below $6, underscoring fragile sentiment amid volatility in Bitcoin-related stocks. CEO Frederick Thiel also sold 27,505 shares under a pre-arranged 10b5-1 plan; the sale was a small reduction in his holdings, but may add to investor caution. MARA share-price coverage

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. HC Wainwright began coverage on MARA in a research note on Friday, September 11th. They set a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. downgraded MARA from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Monday, September 14th. Cantor Fitzgerald cut their price target on MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $11.00 price objective (down from $13.00) on shares of MARA in a research report on Tuesday, October 20th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of MARA in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. Based on data from MarketBeat, MARA currently has an average rating of “Hold” and an average target price of $17.78.

MARA Stock Performance

The firm’s fifty day moving average price is $10.10 and its 200-day moving average price is $10.73. The company has a market cap of $2.27 billion, a P/E ratio of -0.64 and a beta of 5.23. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last released its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. The company had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. During the same quarter in the previous year, the business posted $1.84 EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. As a group, research analysts forecast that MARA Holdings will post -1.65 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $6.79, for a total value of $186,758.95. Following the completion of the transaction, the chief executive officer owned 4,149,585 shares of the company’s stock, valued at $28,175,682.15. This represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the completion of the sale, the chief financial officer owned 377,066 shares of the company’s stock, valued at $3,472,777.86. This represents a 4.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,396 shares of company stock worth $1,311,490 over the last three months. Company insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently modified their holdings of the company. CI Investments Inc. lifted its holdings in shares of MARA by 7.6% during the 1st quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after acquiring an additional 957 shares during the period. Greenleaf Trust increased its stake in MARA by 9.9% in the second quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,076 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in MARA by 58.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,475 shares in the last quarter. Sigma Planning Corp raised its position in MARA by 12.5% in the first quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock worth $109,000 after purchasing an additional 1,485 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in MARA by 14.9% in the second quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,598 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

MARA Company Profile

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.