MARA (NASDAQ:MARA) Trading Down 0.3% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $17.10 and last traded at $17.24. 12,291,153 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 56,056,184 shares. The stock had previously closed at $17.29.

Analysts Set New Price Targets

MARA has been the topic of several recent research reports. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.80.

MARA Stock Performance

The firm’s 50-day simple moving average is $21.54 and its 200-day simple moving average is $19.29. 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 company has a market capitalization of $5.40 billion, a PE ratio of 21.23 and a beta of 5.63.

MARA (NASDAQ:MARA) last announced its quarterly earnings results 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 firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS. On average, research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current 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 transaction of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents 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, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares in the company, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in shares of MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after acquiring an additional 37,150 shares during the last quarter. Franklin Resources Inc. grew its position in MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after purchasing an additional 12,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in MARA by 4.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 3,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after buying an additional 378,542 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of MARA by 14.1% during the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after buying an additional 2,418 shares during the period. 44.53% of the stock is currently owned by hedge funds and other 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.