MARA (NASDAQ:MARA) Stock Price Down 9.7% – Time to Sell?

MARA Holdings (NASDAQ:MARA)’s share price traded down 9.7% on Wednesday. The stock traded as low as $8.17 and last traded at $8.23. Approximately 38,480,997 shares traded hands during trading, a decline of 16% from the average session volume of 45,621,730 shares. The stock had previously closed at $9.11.

More MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Institutional interest remains mixed but includes substantial purchases: D. E. Shaw, Dimensional Fund Advisors, BlackRock and other investors increased their MARA positions during the second quarter of 2026. MARA slides as bitcoin weakness and renewed selling concerns pressure sentiment
• Neutral Sentiment: Analyst views are wide-ranging, with recent price targets spanning $5.50 to $27 and a reported median target of $19.50, highlighting significant uncertainty about MARA’s valuation and growth prospects.
• Negative Sentiment: Bitcoin traded lower near $81,800, extending a broader crypto-market selloff. Because bitcoin mining revenue and investor sentiment are highly sensitive to the token’s price, the weakness has also pressured other miners, including CleanSpark, Riot Platforms and Hut 8. Why Did MARA Stock Fall?
• Negative Sentiment: Reports that approximately $81 million of bitcoin, or about 996 BTC, moved from MARA-linked wallets to Galaxy Digital renewed concerns that the company could be monetizing its treasury. The transfer does not confirm a sale, but it may increase perceived near-term selling pressure. MARA transfers bitcoin to Galaxy Digital
• Negative Sentiment: Morgan Stanley lowered its MARA price target to $10 while retaining an Underweight rating, adding to valuation pressure.
• Negative Sentiment: Investors remain concerned about operating execution: the latest quarterly materials showed revenue down 27% year over year, a $611.3 million net loss and bitcoin holdings down 29% year over year to 35,577 BTC. The stock’s approximately 83% five-year decline has further intensified scrutiny of whether the AI and digital-infrastructure pivot can offset mining volatility. MARA stock valuation analysis
• Negative Sentiment: Insider activity is another bearish signal: company insiders reportedly made 20 open-market sales and no purchases during the past six months, including sales by the chief executive officer and chief financial officer.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research report on Monday, September 14th. Piper Sandler decreased their target price on MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Citizens Jmp assumed coverage on MARA in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 target price on the stock. Morgan Stanley set a $10.00 target price on MARA and gave the company an “underweight” rating in a research report on Friday, October 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of MARA in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $19.10.

MARA Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The company has a market cap of $3.18 billion, a P/E ratio of -0.90 and a beta of 5.33. The business’s 50 day simple moving average is $11.05 and its 200 day simple moving average is $11.79.

MARA (NASDAQ:MARA) last issued its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). The firm had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%. The company’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 EPS. Sell-side analysts predict that MARA Holdings will post -1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other news, CFO Salman Khan sold 16,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $9.21, for a total value of $147,360.00. Following the completion of the transaction, the chief financial officer owned 377,066 shares of the company’s stock, valued at $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $12.00, for a total value of $100,512.00. Following the sale, the general counsel owned 898,780 shares of the company’s stock, valued at $10,785,360. This represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,891 shares of company stock valued at $1,124,731 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of MARA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in MARA by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,838,149 shares of the business services provider’s stock worth $14,999,000 after purchasing an additional 35,978 shares during the period. Hsbc Holdings PLC grew its holdings in MARA by 11.5% during the 1st quarter. Hsbc Holdings PLC now owns 634,172 shares of the business services provider’s stock valued at $5,099,000 after buying an additional 65,220 shares in the last quarter. Delta Global Management LP purchased a new stake in MARA during the 1st quarter valued at approximately $5,064,000. Compass Rose Asset Management LP purchased a new stake in MARA during the 1st quarter valued at approximately $4,243,000. Finally, Headlands Technologies LLC raised its position in shares of MARA by 51.2% during the second quarter. Headlands Technologies LLC now owns 444,756 shares of the business services provider’s stock valued at $6,178,000 after buying an additional 150,665 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

About MARA

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset technology company focused primarily on mining bitcoin. The company operates specialized data centers containing application-specific integrated circuit (ASIC) computers that process transactions and secure the Bitcoin network in exchange for bitcoin rewards.

In addition to bitcoin mining, MARA develops and operates digital asset computing infrastructure. Its activities include managing energy and data-center resources, deploying mining hardware, and pursuing technologies designed to improve the efficiency and scalability of digital asset mining.