MARA (NASDAQ:MARA) Stock Price Down 6.2% – Here’s Why

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded down 6.2% during mid-day trading on Monday . The stock traded as low as $18.92 and last traded at $19.77. 24,577,654 shares traded hands during trading, a decline of 54% from the average session volume of 53,948,738 shares. The stock had previously closed at $21.07.

Analyst Ratings Changes

MARA has been the topic of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $28.00 target price 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. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.57.

MARA Price Performance

The stock has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $18.64. The stock has a market capitalization of $6.39 billion, a P/E ratio of 25.14 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. On average, equities analysts forecast that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the transaction, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,417 shares of company stock valued at $1,524,546. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently modified their holdings of MARA. Truvestments Capital LLC acquired a new position in MARA during the third quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC boosted its position in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares in the last quarter. Larson Financial Group LLC increased its position in shares of MARA by 124.2% in the 3rd 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 in the last quarter. Signaturefd LLC increased its position in shares of MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in MARA during the 3rd quarter worth $50,000. 44.53% of the stock is 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.