Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded down 3.2% during mid-day trading on Tuesday . The company traded as low as $14.09 and last traded at $14.15. 13,994,058 shares were traded during trading, a decline of 69% from the average session volume of 45,874,677 shares. The stock had previously closed at $14.61.
Analyst Upgrades and Downgrades
MARA has been the subject of a number of recent research reports. Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. HC Wainwright reaffirmed a "buy" rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, MARA presently has a consensus rating of "Hold" and a consensus target price of $22.80.
Check Out Our Latest Report on MARA
MARA Price Performance
The company has a market cap of $4.31 billion, a PE ratio of 15.75 and a beta of 5.95. 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 firm has a 50 day simple moving average of $15.67 and a 200-day simple moving average of $18.06.
MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.
Insider Buying and Selling at MARA
In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by insiders.
Institutional Investors Weigh In On MARA
Several hedge funds have recently added to or reduced their stakes in the business. Milestone Asset Management Group LLC acquired a new stake in shares of MARA during the 4th quarter worth approximately $429,000. Wellington Management Group LLP boosted its stake in shares of MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock worth $12,015,000 after acquiring an additional 677,199 shares in the last quarter. California State Teachers Retirement System grew its position in shares of MARA by 2.9% during 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 acquiring an additional 7,864 shares during the period. Park Square Financial Group LLC purchased a new position in shares of MARA in the 4th quarter valued at about $27,000. Finally, United Advisor Group LLC raised its holdings in 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. 44.53% of the stock is owned by hedge funds and other institutional investors.
About MARA
(
Get Free Report)
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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