MARA (NASDAQ:MARA) Trading Down 3% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares were down 3% during trading on Wednesday . The stock traded as low as $16.64 and last traded at $16.77. Approximately 32,785,156 shares changed hands during trading, a decline of 42% from the average daily volume of 56,140,824 shares. The stock had previously closed at $17.29.

Analysts Set New Price Targets

MARA has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays began coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.80.

MARA Stock Performance

The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 21.78 and a beta of 5.63. 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 stock has a 50 day simple moving average of $21.45 and a two-hundred day simple moving average of $19.24.

MARA (NASDAQ:MARA) last issued 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 business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MARA

A number of institutional investors have recently modified their holdings of the business. Financial Advocates Investment Management boosted its stake in MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares during the period. Ranch Capital Advisors Inc. boosted its stake in shares of MARA by 6.1% during the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after buying an additional 780 shares during the period. Larson Financial Group LLC grew its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC raised its stake in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.