MARA (NASDAQ:MARA) Shares Down 2.8% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) fell 2.8% on Wednesday after an insider sold shares in the company. The company traded as low as $18.93 and last traded at $19.02. 13,018,091 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 39,357,473 shares. The stock had previously closed at $19.56.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

Several analysts have weighed in on MARA shares. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Piper Sandler initiated coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Down 2.5 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $21.41 and a two-hundred day moving average of $19.09. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 24.14 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly 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). 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 company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC raised its stake 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 acquiring an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings 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 worth $33,000 after purchasing an additional 860 shares during the period. Signaturefd LLC grew its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in MARA in the third quarter valued at $50,000. 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.