MARA (NASDAQ:MARA) Stock Price Down 3.8% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) was down 3.8% during mid-day trading on Thursday . The stock traded as low as $17.66 and last traded at $18.34. Approximately 28,997,428 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 39,033,398 shares. The stock had previously closed at $19.07.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MARA. B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and increased their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective for the company. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, MARA presently has a consensus rating of "Hold" and a consensus target price of $25.80.

MARA Stock Performance

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 $5.90 billion, a PE ratio of 23.22 and a beta of 5.76. The firm's 50 day moving average price is $21.54 and its 200-day moving average price is $19.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to analysts' expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business's revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. On average, research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 2,077,232 shares of the company's stock, valued at $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. 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 stock in a transaction on Wednesday, October 16th. The shares were 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. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Large investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in MARA during the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its position in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC increased its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in MARA during the third quarter worth approximately $50,000. Finally, Tobam boosted its stake in MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider's stock worth $125,000 after buying an additional 4,880 shares during the last quarter. 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.