MARA (NASDAQ:MARA) Stock Price Down 7.5% - Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price dropped 7.5% during mid-day trading on Friday . The company traded as low as $12.50 and last traded at $12.62. Approximately 12,834,253 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 45,453,456 shares. The stock had previously closed at $13.64.

Analysts Set New Price Targets

Several research firms recently commented on MARA. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.80.

MARA Stock Performance

The firm has a fifty day moving average of $15.52 and a 200-day moving average of $18.07. 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 $3.98 billion, a price-to-earnings ratio of 14.56 and a beta of 5.95.

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

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company's 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated 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 owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock valued at $1,226,825 over the last 90 days. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Milestone Asset Management Group LLC purchased a new stake in shares of MARA during the 4th quarter valued at $429,000. Wellington Management Group LLP boosted its holdings in MARA by 1,726.2% in the fourth quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock valued at $12,015,000 after acquiring an additional 677,199 shares during the last quarter. California State Teachers Retirement System grew its position in MARA by 2.9% during the fourth quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider's stock valued at $4,606,000 after acquiring an additional 7,864 shares during the period. Park Square Financial Group LLC acquired a new stake in MARA during the fourth quarter worth about $27,000. Finally, United Advisor Group LLC raised its holdings in shares of MARA by 64.5% in the 4th quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider's stock worth $855,000 after purchasing an additional 20,007 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Company Profile

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.