MARA (NASDAQ:MARA) Shares Down 2.8% on Insider Selling

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) were down 2.8% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $18.93 and last traded at $19.02. Approximately 13,018,091 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 39,357,473 shares. The stock had previously closed at $19.56.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

MARA has been the topic of several research analyst reports. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut MARA from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $25.67.

MARA Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a 50 day moving average price of $21.37 and a two-hundred day moving average price of $19.09. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 24.92 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to analysts' expectations of $140.26 million. During the same period in the previous year, the firm posted ($0.05) EPS. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. On average, research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARA. Geode Capital Management LLC raised its holdings in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock worth $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock worth $64,249,000 after buying an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock valued at $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Principal Financial Group Inc. grew its position in MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock valued at $22,577,000 after buying an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider's stock worth $26,477,000 after acquiring an additional 149,805 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.