MARA (NASDAQ:MARA) Shares Down 0.2% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price was down 0.2% during trading on Thursday following insider selling activity. The company traded as low as $21.13 and last traded at $21.57. Approximately 15,690,994 shares were traded during trading, a decline of 72% from the average daily volume of 56,683,047 shares. The stock had previously closed at $21.61.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company's stock, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

MARA has been the subject of several recent research reports. Compass Point downgraded shares of MARA from a "buy" rating to a "neutral" rating and increased their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 target price on the stock. Macquarie upped 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. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MARA has a consensus rating of "Hold" and an average price target of $25.80.

MARA Stock Performance

The company has a market capitalization of $6.56 billion, a PE ratio of 25.78 and a beta of 5.63. The stock has a 50-day simple moving average of $21.22 and a 200 day simple moving average of $19.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last posted its 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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts' expectations of $140.26 million. During the same quarter last year, the business posted ($0.05) earnings per share. The business's revenue was up 34.4% compared to the same quarter last year. Equities analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On MARA

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter valued at $26,000. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% during the 3rd 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 during the last quarter. Signaturefd LLC grew its holdings in shares of MARA by 74.8% during the third 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA in the third quarter valued at approximately $50,000. Finally, Tobam lifted its stake in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider's stock valued at $125,000 after buying an additional 4,880 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.