MARA (NASDAQ:MARA) Trading Down 0.6% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 0.6% during trading on Friday . The company traded as low as $18.66 and last traded at $19.07. Approximately 10,025,627 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 38,101,496 shares. The stock had previously closed at $19.18.

Analysts Set New Price Targets

MARA has been the topic of a number of recent analyst reports. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

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 capitalization of $6.23 billion, a price-to-earnings ratio of 23.25 and a beta of 5.76. The stock has a 50-day moving average price of $21.12 and a 200 day moving average price of $19.08.

MARA (NASDAQ:MARA) last issued 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 analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. As a group, equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock valued at $2,980,694. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of MARA by 37.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock worth $32,061,000 after buying an additional 519,900 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of MARA by 4.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider’s stock worth $1,875,000 after buying an additional 4,945 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new stake in shares of MARA during the 4th quarter worth approximately $61,000. Beacon Capital Management LLC acquired a new stake in MARA in the 4th quarter valued at approximately $26,000. Finally, Rhumbline Advisers increased its holdings in MARA by 6.6% in the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider’s stock valued at $13,987,000 after purchasing an additional 51,643 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other 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.