MARA (NASDAQ:MARA) Trading Down 3.7% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 3.7% during trading on Friday . The company traded as low as $17.42 and last traded at $17.67. Approximately 11,442,715 shares traded hands during trading, a decline of 67% from the average daily volume of 34,216,555 shares. The stock had previously closed at $18.34.

Analyst Ratings Changes

A number of brokerages recently issued reports on MARA. Barclays started coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

MARA Price Performance

The firm has a market capitalization of $5.75 billion, a PE ratio of 22.61 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a fifty day moving average price of $21.60 and a 200-day moving average price of $19.20.

MARA (NASDAQ:MARA) last announced its earnings results 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 firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 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 value of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This trade represents a 0.80 % decrease in their position. The sale 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 the company’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 $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock worth $3,258,686 over the last three months. Corporate insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth about $26,000. Larson Financial Group LLC lifted its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC boosted its holdings 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 acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA in the third quarter worth $50,000. Finally, Tobam raised its holdings in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

About MARA

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.