MARA (NASDAQ:MARA) Stock Price Down 4.7% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price was down 4.7% during mid-day trading on Tuesday . The company traded as low as $19.02 and last traded at $19.58. Approximately 15,759,921 shares were traded during trading, a decline of 57% from the average daily volume of 36,272,727 shares. The stock had previously closed at $20.55.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MARA shares. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Piper Sandler initiated coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.80.

MARA Trading Down 3.8 %

The firm has a market cap of $5.90 billion, a PE ratio of 23.22 and a beta of 5.76. The company has a 50-day simple moving average of $21.53 and a 200 day simple moving average of $19.22. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock worth $3,258,686 in the last ninety days. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in MARA by 12.7% during the 2nd quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after purchasing an additional 149,805 shares during 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.