MARA (NASDAQ:MARA) Trading Down 2.4% - Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares were down 2.4% during trading on Wednesday . The company traded as low as $13.57 and last traded at $13.91. Approximately 11,003,975 shares were traded during trading, a decline of 76% from the average daily volume of 45,625,362 shares. The stock had previously closed at $14.25.

Analyst Ratings Changes

MARA has been the subject of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Rosenblatt Securities began coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective on the stock. Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.80.

MARA Price Performance

The stock has a 50-day moving average of $15.52 and a two-hundred day moving average of $18.04. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 15.78 and a beta of 5.95. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping 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 company had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. On average, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares of the company's stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock valued at $1,226,825 in the last three months. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MARA

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

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.