MARA (NASDAQ:MARA) Stock Price Down 0.2% - Here's Why

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price was down 0.2% during mid-day trading on Friday . The stock traded as low as $19.81 and last traded at $20.33. Approximately 16,950,789 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 56,646,207 shares. The stock had previously closed at $20.37.

Wall Street Analyst Weigh In

MARA has been the topic of a number of research analyst reports. Barclays initiated coverage on MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price target for the company. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.80.

MARA Trading Down 2.0 %

The firm has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $19.35. The firm has a market capitalization of $6.42 billion, a P/E ratio of 25.27 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. During the same period in the prior year, the business posted ($0.05) EPS. The company's revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Activity at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value 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 represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the 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 $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company's stock, valued at $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock valued at $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Bank of New York Mellon Corp grew its stake in MARA by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider's stock valued at $40,485,000 after purchasing an additional 1,327,969 shares in the last quarter. Principal Financial Group Inc. increased its position in MARA by 4,394.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider's stock worth $26,892,000 after purchasing an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of MARA during the 2nd quarter worth about $11,920,000. Finally, Rhumbline Advisers lifted its holdings in shares of MARA by 126.5% during the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider's stock valued at $15,615,000 after buying an additional 439,309 shares during the last quarter. 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.