MARA (NASDAQ:MARA) Shares Down 2.8% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 2.8% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $18.93 and last traded at $19.02. 13,018,091 shares were traded during mid-day trading, a decline of 67% from the average session volume of 39,357,473 shares. The stock had previously closed at $19.56.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of brokerages have issued reports on MARA. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. Macquarie upped their target price on shares of 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. Finally, Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Down 2.5 %

The business has a 50-day moving average of $21.41 and a 200-day moving average of $19.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 24.14 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted 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). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. Research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Institutional Investors Weigh In On MARA

A number of large investors have recently added to or reduced their stakes in MARA. Geode Capital Management LLC raised its position in shares of MARA by 5.6% in 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 purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP raised its holdings in MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MARA by 8.9% during the third 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 last quarter. Principal Financial Group Inc. boosted its holdings in shares of MARA by 2.7% during the third 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 grew its position in shares of MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after purchasing an additional 149,805 shares during the last quarter. 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.