MARA (NASDAQ:MARA) Trading Down 3.8% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 3.8% during mid-day trading on Friday following insider selling activity. The stock traded as low as $14.96 and last traded at $15.23. Approximately 14,069,934 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 44,948,916 shares. The stock had previously closed at $15.82.

Specifically, CFO Salman Hassan Khan sold 34,733 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total transaction of $550,518.05. Following the completion of the transaction, the chief financial officer now directly owns 1,413,298 shares of the company’s stock, valued at $22,400,773.30. This represents a 2.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MARA shares. JPMorgan Chase & Co. raised their price target on shares of MARA from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday. Rosenblatt Securities upped their price objective on shares of MARA from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler cut their price objective on MARA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MARA currently has an average rating of “Hold” and a consensus price target of $20.94.

MARA Stock Down 4.9%

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business’s 50 day moving average is $14.42 and its 200-day moving average is $16.36. The company has a market cap of $5.29 billion, a PE ratio of 19.04 and a beta of 6.61.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Hedge Funds Weigh In On MARA

Large investors have recently bought and sold shares of the stock. Beacon Capital Management LLC purchased a new position in MARA during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in MARA in the fourth quarter valued at $27,000. Sterling Capital Management LLC increased its stake in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,426 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of MARA in the fourth quarter valued at about $50,000. Finally, Blue Trust Inc. boosted its stake in shares of MARA by 415.6% during the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after buying an additional 2,693 shares during the period. Institutional investors and hedge funds 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.