MARA (NASDAQ:MARA) Trading Down 3.7% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 3.7% during mid-day trading on Monday . The stock traded as low as $16.87 and last traded at $17.66. Approximately 16,869,231 shares were traded during trading, a decline of 56% from the average daily volume of 38,062,875 shares. The stock had previously closed at $18.34.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MARA shares. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s 50 day simple moving average is $20.97 and its 200 day simple moving average is $18.94. The company has a market capitalization of $6.09 billion, a PE ratio of 22.72 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for 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%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares in the company, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,915 shares of company stock valued at $2,980,694. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently made changes to their positions in MARA. Handelsbanken Fonder AB lifted its position in shares of MARA by 4.4% during the fourth quarter. Handelsbanken Fonder AB now owns 73,800 shares of the business services provider’s stock valued at $1,238,000 after buying an additional 3,100 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of MARA by 23.8% during the fourth quarter. Private Advisor Group LLC now owns 280,086 shares of the business services provider’s stock valued at $4,697,000 after buying an additional 53,887 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of MARA by 72.9% during the fourth quarter. Global Retirement Partners LLC now owns 32,043 shares of the business services provider’s stock valued at $537,000 after buying an additional 13,512 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of MARA by 37.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after buying an additional 519,900 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of MARA by 4.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider’s stock valued at $1,875,000 after buying an additional 4,945 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.