MARA (NASDAQ:MARA) Stock Price Down 0.5% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded down 0.5% on Tuesday . The company traded as low as $17.86 and last traded at $18.20. 9,724,055 shares were traded during trading, a decline of 76% from the average session volume of 40,001,879 shares. The stock had previously closed at $18.29.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MARA shares. Piper Sandler assumed coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 23.11 and a beta of 5.76. The firm’s 50-day moving average price is $21.34 and its 200-day moving average price is $19.10.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,915 shares of company stock worth $2,980,694 in the last quarter. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 217,106 shares during the period. Mutual of America Capital Management LLC grew its position in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after buying an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in MARA during the third quarter worth about $640,000. Finally, Weiss Asset Management LP bought a new position in MARA in the third quarter worth about $1,557,000. 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.