MARA (NASDAQ:MARA) Shares Down 2.3% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 2.3% during mid-day trading on Thursday . The company traded as low as $19.40 and last traded at $19.69. Approximately 8,604,550 shares were traded during trading, a decline of 85% from the average daily volume of 56,361,762 shares. The stock had previously closed at $20.15.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research 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 stock currently has an average rating of “Hold” and an average target price of $25.80.

MARA Stock Performance

The company has a market cap of $6.29 billion, a P/E ratio of 24.72 and a beta of 5.63. The business has a fifty day moving average of $21.51 and a 200 day moving average of $19.32. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its 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 net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, equities analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now owns 135,756 shares of the company’s stock, valued at $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 have sold 153,615 shares of company stock worth $3,258,686 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

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