MARA (NASDAQ:MARA) Stock Price Down 3.9% on Insider Selling

Shares of MARA Holdings, Inc. (NASDAQ:MARA) dropped 3.9% on Tuesday after an insider sold shares in the company. The company traded as low as $18.66 and last traded at $19.13. Approximately 22,321,217 shares were traded during trading, a decline of 42% from the average daily volume of 38,625,863 shares. The stock had previously closed at $19.91.

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

Analysts Set New Price Targets

A number of research firms have issued reports on MARA. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. B. Riley raised 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. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Finally, Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

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 company’s fifty day moving average is $21.37 and its 200 day moving average is $19.09. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 25.25 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MARA. Dimensional Fund Advisors LP boosted its holdings in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after buying an additional 2,340,472 shares during the last quarter. Geode Capital Management LLC raised its position in MARA by 5.6% during 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 acquiring an additional 378,542 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in MARA in the second quarter valued at $4,498,000. Charles Schwab Investment Management Inc. grew its position in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the period. Finally, Second Line Capital LLC acquired a new position in shares of MARA during the 2nd quarter worth about $4,060,000. 44.53% of the stock is currently owned by institutional investors.

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.