MARA (NASDAQ:MARA) Stock Price Down 8.3% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA) traded down 8.3% during mid-day trading on Monday . The stock traded as low as $18.35 and last traded at $18.33. 16,287,028 shares were traded during mid-day trading, a decline of 60% from the average session volume of 40,425,746 shares. The stock had previously closed at $19.99.

Wall Street Analyst Weigh In

MARA has been the subject of several recent research reports. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Finally, Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, MARA currently has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

The firm has a market capitalization of $6.25 billion, a PE ratio of 23.32 and a beta of 5.76. 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 has a fifty day moving average price of $21.30 and a two-hundred day moving average price of $19.08.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,915 shares of company stock worth $2,980,694 in the last three months. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Spire Wealth Management increased its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares in the last quarter. Financial Advocates Investment Management boosted its stake in shares of MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position 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 purchasing an additional 860 shares in the last quarter. Larson Financial Group LLC raised its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.