MARA (NASDAQ:MARA) Shares Down 1.3% – Here’s Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA) were down 1.3% during mid-day trading on Tuesday . The company traded as low as $24.15 and last traded at $25.29. Approximately 27,268,353 shares traded hands during trading, a decline of 52% from the average daily volume of 56,466,371 shares. The stock had previously closed at $25.63.

Analysts Set New Price Targets

Several equities research analysts have commented on MARA shares. JPMorgan Chase & Co. dropped their price target on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Macquarie upped their price target 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 restated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.33.

MARA Trading Down 2.9 %

The business has a 50 day simple moving average of $19.31 and a two-hundred day simple moving average of $19.05. 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 stock has a market cap of $8.01 billion, a price-to-earnings ratio of 32.01 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its earnings results 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. 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 prior year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insiders Place Their Bets

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the transaction, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,822 shares of company stock valued at $2,702,877 in the last quarter. Insiders own 0.97% of the company’s stock.

Institutional Trading of MARA

Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after purchasing an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

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.