MARA (NASDAQ:MARA) Shares Down 4.4% - Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares traded down 4.4% during mid-day trading on Tuesday . The stock traded as low as $12.16 and last traded at $12.39. 11,352,762 shares changed hands during trading, a decline of 75% from the average session volume of 46,077,319 shares. The stock had previously closed at $12.97.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MARA shares. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler reduced their target price on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price target on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. 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 stock. According to data from MarketBeat, MARA currently has an average rating of "Hold" and a consensus price target of $22.80.

MARA Price Performance

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 market capitalization of $4.28 billion, a P/E ratio of 15.67 and a beta of 5.95. The firm's fifty day moving average is $15.97 and its 200 day moving average is $18.06.

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

Insider Transactions at MARA

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

Institutional Trading of MARA

Several hedge funds have recently modified their holdings of MARA. Natixis Advisors LLC purchased a new stake in MARA during the third quarter valued at approximately $255,000. Mutual of America Capital Management LLC lifted its holdings in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock valued at $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of MARA by 2.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 231,248 shares of the business services provider's stock worth $3,751,000 after purchasing an additional 4,654 shares in the last quarter. Swiss National Bank grew its stake in MARA by 4.9% during the 3rd quarter. Swiss National Bank now owns 552,000 shares of the business services provider's stock worth $8,953,000 after buying an additional 25,600 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in MARA in the third quarter valued at about $1,107,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.