MARA (NASDAQ:MARA) Stock Price Down 0.6% - Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares were down 0.6% during mid-day trading on Friday . The stock traded as low as $22.37 and last traded at $22.45. Approximately 15,190,841 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 56,688,832 shares. The stock had previously closed at $22.58.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MARA shares. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Cantor Fitzgerald began 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. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. 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. Finally, Compass Point cut MARA from a "buy" rating to a "neutral" rating and raised their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.56.

MARA Stock Up 1.6 %

The company has a market capitalization of $7.39 billion, a PE ratio of 28.42 and a beta of 5.63. 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 50-day moving average of $20.62 and a 200 day moving average of $19.26.

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

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at $67,169,451.30. This represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares of the company's stock, valued at approximately $36,351,560. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,622 shares of company stock valued at $2,890,197. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in MARA by 62.5% in the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after buying an additional 12,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in MARA by 4.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider's stock worth $1,292,000 after buying an additional 3,200 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MARA by 5.6% in 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 during the last quarter. M&T Bank Corp grew its stake in shares of MARA by 14.1% in the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider's stock worth $317,000 after acquiring an additional 2,418 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in MARA during the third quarter valued at approximately $1,072,000. Institutional investors 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.

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