MARA (NASDAQ:MARA) Hits New 1-Year Low - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $11.29 and last traded at $11.72, with a volume of 7676634 shares changing hands. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MARA shares. Barclays lowered their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Piper Sandler dropped their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. HC Wainwright reissued a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.80.

MARA Price Performance

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.88 billion, a PE ratio of 14.22 and a beta of 6.09. The stock's 50-day moving average is $15.05 and its 200 day moving average is $17.97.

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MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after purchasing an additional 518,503 shares during the last quarter. American Century Companies Inc. lifted its position in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the period. Northern Trust Corp boosted its stake in shares of MARA by 18.1% in the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after purchasing an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after buying an additional 372,094 shares during the period. Institutional investors 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.