MARA (NASDAQ:MARA) Trading Down 8.3% - Here's What Happened

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was down 8.3% on Monday . The company traded as low as $18.35 and last traded at $18.33. Approximately 16,287,028 shares traded hands during trading, a decline of 60% from the average daily volume of 40,425,746 shares. The stock had previously closed at $19.99.

Analysts Set New Price Targets

A number of brokerages have recently commented on MARA. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price objective for the company. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an "equal weight" rating and a $27.00 price objective for the company. Piper Sandler started coverage on shares of MARA in a report on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 target price for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Macquarie boosted their price objective on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.67.

MARA Stock Performance

The stock's 50 day moving average price is $21.30 and its 200 day moving average price is $19.08. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.25 billion, a PE ratio of 23.32 and a beta of 5.76.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company'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 firm earned ($0.05) EPS. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $544,599.00. Following the sale, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,915 shares of company stock valued at $2,980,694 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MARA. Truvestments Capital LLC bought a new stake in shares of MARA in the 3rd quarter worth about $26,000. Larson Financial Group LLC grew its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after buying an additional 860 shares during the last quarter. Signaturefd LLC lifted its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after buying an additional 1,273 shares during the last quarter. Finally, Spire Wealth Management grew its position in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares in the last quarter. 44.53% of the stock is currently owned by 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.

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