MARA (NASDAQ:MARA) Stock Price Down 0.2% on Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) traded down 0.2% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $24.61 and last traded at $25.08. 19,239,771 shares changed hands during trading, a decline of 66% from the average session volume of 56,441,129 shares. The stock had previously closed at $25.13.

Specifically, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MARA. Barclays began coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.33.

MARA Stock Down 0.4 %

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 stock has a market cap of $8.06 billion, a price-to-earnings ratio of 31.75 and a beta of 5.63. The business’s 50 day moving average is $19.48 and its 200 day moving average is $19.09.

MARA (NASDAQ:MARA) last issued its earnings results 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). The business had revenue of $131.60 million during 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 business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. Equities analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in shares of MARA by 62.5% during the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after purchasing an additional 12,157 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in MARA by 4.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock worth $1,292,000 after buying an additional 3,200 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the period. M&T Bank Corp grew its holdings in shares of MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of MARA in the third quarter worth $1,072,000. Hedge funds and other 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.