MARA (NASDAQ:MARA) Stock Price Down 3.7% - Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares traded down 3.7% during trading on Friday . The stock traded as low as $17.42 and last traded at $17.67. 11,442,715 shares were traded during mid-day trading, a decline of 67% from the average session volume of 34,216,555 shares. The stock had previously closed at $18.34.

Wall Street Analyst Weigh In

MARA has been the topic of a number of recent research reports. Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and upped their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Barclays assumed coverage on MARA in a report on Monday, November 25th. They set an "equal weight" rating and a $27.00 price target on the stock. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, MARA currently has an average rating of "Hold" and an average target price of $25.80.

MARA Stock Down 2.6 %

The company has a market cap of $5.75 billion, a P/E ratio of 22.61 and a beta of 5.76. 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 business's fifty day moving average is $21.57 and its two-hundred day moving average is $19.21.

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%. The business's revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. Equities analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction 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 transaction, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now directly owns 4,250,804 shares of the company's stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,615 shares of company stock worth $3,258,686. Company insiders own 0.97% of the company's stock.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in shares of MARA by 15.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 81,648 shares of the business services provider's stock worth $1,621,000 after buying an additional 10,674 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of MARA by 67.5% during the second quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider's stock worth $1,145,000 after purchasing an additional 23,242 shares in the last quarter. Arizona State Retirement System increased its position in shares of MARA by 22.5% during the second quarter. Arizona State Retirement System now owns 74,926 shares of the business services provider's stock worth $1,487,000 after purchasing an additional 13,743 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of MARA by 340.6% during the 2nd quarter. Private Advisor Group LLC now owns 177,137 shares of the business services provider's stock valued at $3,516,000 after purchasing an additional 136,934 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of MARA in the 2nd quarter worth $426,000. Hedge funds and other 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.