MARA (NASDAQ:MARA) Shares Down 4.2% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) traded down 4.2% during trading on Monday . The stock traded as low as $19.02 and last traded at $19.13. 11,339,282 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 56,620,906 shares. The stock had previously closed at $19.96.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MARA shares. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One investment 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’s stock. According to MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $25.80.

MARA Stock Performance

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 $21.40 and its 200-day moving average is $19.33. The company has a market capitalization of $6.23 billion, a P/E ratio of 24.52 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its 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 business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Equities analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the sale, the chief executive officer now owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock worth $3,258,686 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

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