MARA (NASDAQ:MARA) Shares Down 1% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 1% on Wednesday . The company traded as low as $15.68 and last traded at $15.86. 8,903,977 shares were traded during mid-day trading, a decline of 75% from the average session volume of 35,286,922 shares. The stock had previously closed at $16.02.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. Macquarie lifted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Up 0.4 %

The company has a market capitalization of $5.46 billion, a P/E ratio of 20.34 and a beta of 5.76. The company has a 50-day simple moving average of $19.68 and a 200 day simple moving average of $18.67. 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 released its earnings results 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). The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. Sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the 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 completion of the transaction, the chief financial officer now owns 2,029,647 shares in the company, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,915 shares of company stock worth $2,956,634 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter valued at $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA during the fourth quarter worth $26,000. Larson Financial Group LLC increased its holdings in MARA by 124.2% in the third 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 during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in MARA by 79.3% in the fourth 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 period. Finally, Signaturefd LLC boosted its position in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares in the last quarter. 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.