MARA (NASDAQ:MARA) Trading Down 0.6% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 0.6% during trading on Friday . The stock traded as low as $18.66 and last traded at $19.07. Approximately 10,025,627 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 38,101,496 shares. The stock had previously closed at $19.18.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MARA shares. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. B. Riley upped their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 4.2 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.23 billion, a PE ratio of 23.25 and a beta of 5.76. The firm’s fifty day simple moving average is $21.12 and its 200-day simple moving average is $19.08.

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 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 company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the business earned ($0.05) EPS. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock valued at $2,980,694 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in MARA during the 3rd quarter valued at about $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA in the 4th quarter worth approximately $26,000. Larson Financial Group LLC grew its stake 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 worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Signaturefd LLC grew its stake 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 worth $48,000 after purchasing an additional 1,273 shares during the last quarter. 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.