MARA (NASDAQ:MARA) Stock Price Down 2.5% – Time to Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 2.5% during trading on Wednesday . The company traded as low as $12.89 and last traded at $12.98. Approximately 13,080,092 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 39,009,414 shares. The stock had previously closed at $13.32.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MARA shares. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Piper Sandler lowered their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, MARA has an average rating of “Hold” and an average price target of $23.30.

MARA Stock Performance

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 cap of $4.59 billion, a price-to-earnings ratio of 16.83 and a beta of 5.95. The stock’s fifty day simple moving average is $16.90 and its 200 day simple moving average is $18.34.

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

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,915 shares of company stock worth $2,289,443 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Spire Wealth Management increased its stake in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares during the last quarter. United Services Automobile Association increased its stake in shares of MARA by 3.4% in the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 860 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 878 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of MARA by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after buying an additional 992 shares in the last quarter. Institutional investors and hedge funds 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.