MARA (NASDAQ:MARA) Stock Price Down 0.1% - Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was down 0.1% during mid-day trading on Tuesday . The company traded as low as $12.81 and last traded at $13.39. Approximately 13,787,927 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 46,656,866 shares. The stock had previously closed at $13.41.

Wall Street Analyst Weigh In

MARA has been the subject of a number of research reports. B. Riley lifted their price target 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. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. HC Wainwright reissued a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Thursday, February 27th. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average price target of $23.30.

MARA Trading Down 1.6 %

The business's fifty day moving average price is $16.90 and its 200 day moving average price is $18.34. 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 firm has a market capitalization of $4.53 billion, a PE ratio of 16.59 and a beta of 5.95.

Remove Ads

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping 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, analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,915 shares of company stock worth $2,289,443. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently added to or reduced their stakes in MARA. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter valued at about $27,000. United Advisor Group LLC lifted its position in MARA by 64.5% during the fourth quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider's stock valued at $855,000 after buying an additional 20,007 shares in the last quarter. Mackenzie Financial Corp grew its stake in MARA by 5.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider's stock worth $304,000 after buying an additional 878 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of MARA in the fourth quarter worth $13,416,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of MARA by 33.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 579,408 shares of the business services provider's stock valued at $9,717,000 after acquiring an additional 145,953 shares during the period. 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.