MARA (NASDAQ:MARA) Shares Down 6.4% - Here's Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded down 6.4% during trading on Monday . The company traded as low as $11.29 and last traded at $11.68. 13,748,691 shares traded hands during trading, a decline of 70% from the average session volume of 45,366,767 shares. The stock had previously closed at $12.47.

Analysts Set New Price Targets

Several brokerages recently issued reports on MARA. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Barclays dropped their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Finally, Rosenblatt Securities started coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.80.

MARA Trading Up 4.9 %

The stock has a 50-day simple moving average of $15.05 and a two-hundred day simple moving average of $17.97. 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 cap of $4.30 billion, a PE ratio of 15.72 and a beta of 6.09.

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

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 3,910,843 shares in the company, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last ninety days. Insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MARA. Weiss Asset Management LP bought a new stake in MARA during the 3rd quarter worth approximately $1,557,000. Capital Advisors Inc. OK purchased a new position in shares of MARA during the 4th quarter valued at $699,000. Arkadios Wealth Advisors bought a new position in MARA in the 4th quarter worth $231,000. Foundations Investment Advisors LLC increased its stake in MARA by 61.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock worth $1,877,000 after buying an additional 42,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in MARA by 14.0% during 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. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.