MARA (NASDAQ:MARA) Stock Price Down 3.9% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 3.9% on Tuesday after an insider sold shares in the company. The stock traded as low as $18.66 and last traded at $19.13. Approximately 22,321,217 shares traded hands during trading, a decline of 42% from the average daily volume of 38,625,863 shares. The stock had previously closed at $19.91.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

MARA has been the subject of a number of research reports. Macquarie raised their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Finally, Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 25.25 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 company has a fifty day simple moving average of $21.37 and a two-hundred day simple moving average of $19.09.

MARA (NASDAQ:MARA) last posted its quarterly 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). The company had revenue of $131.60 million during 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 firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of MARA by 79.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider’s stock valued at $1,906,000 after purchasing an additional 42,647 shares during the last quarter. Amalgamated Bank increased its position in MARA by 1,000.2% during the 2nd quarter. Amalgamated Bank now owns 83,275 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 75,706 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in MARA by 67.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 7,827 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in MARA by 101.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 28,093 shares of the business services provider’s stock valued at $558,000 after buying an additional 14,156 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

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.