MARA (NASDAQ:MARA) Trading Down 2.9% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price traded down 2.9% during mid-day trading on Tuesday . The company traded as low as $12.46 and last traded at $12.58. 12,157,897 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 45,367,921 shares. The stock had previously closed at $12.95.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of research analyst reports. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective on the stock. Barclays lowered their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, MARA currently has an average rating of "Hold" and a consensus price target of $22.80.

MARA Stock Up 2.8 %

The business's 50-day moving average is $13.36 and its two-hundred day moving average is $17.56. 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 firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 6.10.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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 net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. On average, equities analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on 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 directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale 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 MARA stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC bought a new position in shares of MARA in the 4th quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in MARA during the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC increased its position in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after purchasing an additional 860 shares in the last quarter. Finally, Spire Wealth Management raised its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares in the last quarter. 44.53% of the stock is currently 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.