MARA (NASDAQ:MARA) Stock Price Down 4.1% After Analyst Downgrade

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 4.1% during mid-day trading on Tuesday after Piper Sandler lowered their price target on the stock from $34.00 to $30.00. Piper Sandler currently has an overweight rating on the stock. MARA traded as low as $13.19 and last traded at $13.23. 17,032,181 shares were traded during mid-day trading, a decline of 54% from the average session volume of 37,326,816 shares. The stock had previously closed at $13.79.

Several other equities research analysts have also recently issued reports on MARA. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Barclays lowered their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.78.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on 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 in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,215 shares of company stock worth $2,033,766. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Institutional investors have recently modified their holdings of the business. Beacon Capital Management LLC purchased a new position in MARA in the fourth quarter valued at about $26,000. Truvestments Capital LLC purchased a new position in MARA in the 3rd quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new position in MARA during the fourth quarter worth $27,000. Sterling Capital Management LLC boosted its position in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of 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 buying an additional 1,062 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Stock Down 4.0 %

The firm has a market capitalization of $4.49 billion, a PE ratio of 16.75 and a beta of 5.76. The firm’s 50-day moving average is $17.41 and its 200 day moving average is $18.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.