MARA (NASDAQ:MARA) Trading Down 3.3% - Here's Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) fell 3.3% on Monday . The stock traded as low as $12.57 and last traded at $12.74. 10,841,118 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 46,133,099 shares. The stock had previously closed at $13.18.

Analyst Ratings Changes

Several research firms recently weighed in on MARA. Piper Sandler decreased their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Barclays reduced their target price 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. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, MARA presently has an average rating of "Hold" and an average price target of $22.80.

MARA Price Performance

The firm has a market cap of $4.32 billion, a PE ratio of 15.82 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 stock has a 50 day moving average price of $16.08 and a two-hundred day moving average price of $18.09.

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MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company'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 value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company'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 value of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On MARA

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC boosted its position in MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after buying an additional 518,503 shares during the last quarter. American Century Companies Inc. boosted its position in MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Northern Trust Corp lifted its holdings in MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after acquiring an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after acquiring an additional 372,094 shares during the period. Hedge funds and other institutional investors 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.