MARA (NASDAQ:MARA) Stock Price Down 3.8% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA) was down 3.8% during trading on Thursday . The company traded as low as $17.66 and last traded at $18.34. Approximately 28,997,428 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 39,033,398 shares. The stock had previously closed at $19.07.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie upped their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Down 3.8 %

The stock has a market capitalization of $5.90 billion, a PE ratio of 23.22 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’s 50-day moving average is $21.53 and its 200 day moving average is $19.22.

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

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the sale, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after acquiring an additional 378,542 shares during the period. Dimensional Fund Advisors LP raised 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 worth $64,249,000 after acquiring an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares during the period. Principal Financial Group Inc. raised its holdings in shares of MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after acquiring an additional 37,150 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of 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 acquiring an additional 149,805 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.