MARA (NASDAQ:MARA) Shares Down 1.7% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 1.7% on Tuesday . The stock traded as low as $24.71 and last traded at $25.96. 26,915,652 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 55,717,629 shares. The stock had previously closed at $26.42.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, November 13th. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Barclays initiated coverage on MARA in a report on Monday. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.33.

MARA Stock Performance

The stock has a market cap of $8.17 billion, a P/E ratio of 32.86 and a beta of 5.52. The business has a 50 day moving average price of $18.24 and a 200 day moving average price of $18.77. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the prior year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. As a group, sell-side analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now directly owns 2,103,347 shares in the company, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,622 shares of company stock valued at $2,399,805 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently made changes to their positions in MARA. Dimensional Fund Advisors LP lifted its holdings in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp raised its stake in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after acquiring an additional 1,327,969 shares during the last quarter. Principal Financial Group Inc. raised its stake in MARA by 4,394.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock worth $26,892,000 after acquiring an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in MARA in the 2nd quarter worth $11,920,000. Finally, Rhumbline Advisers raised its stake in MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after acquiring an additional 439,309 shares during the last quarter. Hedge funds and other institutional investors 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.