MARA (NASDAQ:MARA) Stock Falls 9.6% – Here’s What Happened

Shares of MARA Holdings (NASDAQ:MARA) fell 9.6% during trading on Friday. The stock traded as low as $7.42 and last traded at $7.53. Approximately 40,396,519 shares traded hands during trading, a decline of 11% from the average session volume of 45,576,273 shares. The stock had previously closed at $8.33.

Key MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Relative market strength: MARA closed the latest reported session at $8.34, up 1.28% and outperforming the broader stock-market upswing. The article does not identify a new operational catalyst. Marathon Digital Holdings Beats Stock Market Upswing
• Positive Sentiment: Elevated call activity: Investors purchased 310,828 MARA call options, 50% above typical volume. This may reflect bullish positioning or expectations for a rebound, although options activity is speculative and can also signal greater near-term volatility.
• Neutral Sentiment: No fresh fundamental catalyst: None of the supplied articles reports a new production update, bitcoin-related development, financing announcement, or earnings revision for Marathon Digital. The company’s prior reported results—an earnings and revenue miss—remain an unfavorable backdrop, but they are not new developments in this news batch.
• Neutral Sentiment: Irrelevant similarly named coverage: Articles about Oklahoma City Thunder rookie Aday Mara and actress Mara Wilson do not concern Marathon Digital Holdings and should not affect MARA’s valuation.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MARA. Citizens Jmp began coverage on shares of MARA in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price objective for the company. Weiss Ratings raised shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of MARA in a research note on Friday, August 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 target price (down from $13.00) on shares of MARA in a report on Monday, September 14th. Finally, Morgan Stanley set a $10.00 price target on MARA and gave the company an “underweight” rating in a research note on Friday, October 9th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, MARA has an average rating of “Hold” and an average target price of $19.10.

MARA Price Performance

The stock has a market cap of $2.91 billion, a P/E ratio of -0.82 and a beta of 5.33. The company has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $11.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($1.77). The firm had revenue of $174.88 million for the quarter, compared to analyst estimates 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 revenue was down 26.7% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. Sell-side analysts forecast that MARA Holdings will post -1.65 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CFO Salman Khan sold 16,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.21, for a total value of $147,360.00. Following the sale, the chief financial officer owned 377,066 shares of the company’s stock, valued at $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the completion of the transaction, the general counsel directly owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. This trade represents a 0.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MARA

Several hedge funds have recently modified their holdings of MARA. IFP Advisors Inc increased its position in shares of MARA by 1,154.9% in the second quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 2,229 shares during the last quarter. Ascentis Independent Advisors bought a new stake in MARA during the first quarter worth about $28,000. CoreCap Advisors LLC raised its holdings in MARA by 128.0% during the second quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock worth $51,000 after acquiring an additional 2,050 shares in the last quarter. Activest Wealth Management boosted its position in MARA by 300.0% during the third quarter. Activest Wealth Management now owns 4,000 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 3,000 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in MARA by 58.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,475 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.