MARA (NASDAQ:MARA) Shares Down 1.5% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 1.5% during trading on Tuesday . The stock traded as low as $17.56 and last traded at $17.68. Approximately 7,935,551 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 37,839,113 shares. The stock had previously closed at $17.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MARA shares. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company’s 50-day moving average price is $20.80 and its 200 day moving average price is $18.90. The stock has a market capitalization of $6.00 billion, a PE ratio of 22.50 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) earnings per share 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 firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue was up 34.4% compared to the same quarter last year. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were 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 $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,915 shares of company stock worth $2,980,694. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On MARA

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in MARA during the second quarter valued at about $201,000. The Manufacturers Life Insurance Company increased its stake in shares of MARA by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 164,561 shares of the business services provider’s stock worth $3,267,000 after purchasing an additional 35,802 shares in the last quarter. Creative Planning lifted its stake in shares of MARA by 26.4% during the 2nd quarter. Creative Planning now owns 28,890 shares of the business services provider’s stock valued at $573,000 after buying an additional 6,035 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of MARA by 58.5% in the second quarter. Cetera Investment Advisers now owns 259,447 shares of the business services provider’s stock valued at $5,150,000 after acquiring an additional 95,774 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of MARA by 19.6% in the third quarter. Handelsbanken Fonder AB now owns 70,700 shares of the business services provider’s stock worth $1,147,000 after acquiring an additional 11,600 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.