MARA (NASDAQ:MARA) Shares Down 3.9% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 3.9% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $18.66 and last traded at $19.13. 22,321,217 shares changed hands during trading, a decline of 42% from the average session volume of 38,625,863 shares. The stock had previously closed at $19.91.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several research firms recently commented on MARA. B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie increased 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, Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Trading Up 1.3 %

The business’s 50 day moving average price is $21.37 and its two-hundred day moving average price is $19.09. 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 company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 25.25 and a beta of 5.76.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. On average, equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in MARA in the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in 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 buying an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the last quarter. Signaturefd LLC raised its holdings in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in MARA in the 3rd quarter valued at approximately $50,000. 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.