MARA (NASDAQ:MARA) Trading Down 3.6% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s share price traded down 3.6% during mid-day trading on Monday . The company traded as low as $16.72 and last traded at $17.21. 13,078,542 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 33,563,473 shares. The stock had previously closed at $17.86.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. 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. Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, B. Riley upped their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.80.

MARA Stock Down 6.4 %

The stock’s fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $19.20. The stock has a market capitalization of $5.38 billion, a P/E ratio of 21.16 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last announced 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 company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the prior year, the company posted ($0.05) EPS. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 $40,187,010.60. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,615 shares of company stock worth $3,241,916. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in shares of MARA during the 3rd quarter valued at about $26,000. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC grew its holdings in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in MARA in the 3rd quarter worth $50,000. Finally, Tobam grew its stake in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares during the last quarter. 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.