MARA (NASDAQ:MARA) Stock Price Down 3.6% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 3.6% during mid-day trading 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

MARA has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Needham & Company LLC reaffirmed 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 report on Wednesday, December 4th. Finally, Piper Sandler assumed coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.80.

MARA Trading Down 6.4 %

The stock has a market capitalization of $5.38 billion, a PE ratio of 21.16 and a beta of 5.76. 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 stock has a 50 day moving average price of $21.60 and a 200-day moving average price of $19.20.

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 the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. Sell-side analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s 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 $481,337.50. Following the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at approximately $74,389,070. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,615 shares of company stock valued at $3,241,916 in the last quarter. 0.97% of the stock is currently owned by insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC increased its holdings 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 worth $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC raised its position 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 in the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter worth $50,000. Finally, Tobam increased its stake in shares of MARA by 173.0% during the third 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 period. 44.53% of the stock is currently owned by institutional investors.

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.