MARA (NASDAQ:MARA) Shares Down 3.6% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 3.6% on Monday . The company traded as low as $16.72 and last traded at $17.21. 13,078,542 shares were traded during mid-day trading, a decline of 61% from the average session volume of 33,563,473 shares. The stock had previously closed at $17.86.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. One 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.80.

MARA Price Performance

The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.97 and a beta of 5.76. The company’s 50-day simple moving average is $21.66 and its 200 day simple moving average is $19.17. 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 posted its quarterly earnings data 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 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 the consensus estimate of $140.26 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities research analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the 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 $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,410 shares of company stock valued at $2,468,329. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in MARA in the third quarter valued at $26,000. Larson Financial Group LLC raised its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Signaturefd LLC lifted its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MARA during the 3rd quarter worth about $50,000. Finally, Tobam grew its position in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.