MARA (NASDAQ:MARA) Stock Price Down 1.9% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares dropped 1.9% during mid-day trading on Wednesday . The company traded as low as $12.22 and last traded at $12.34. Approximately 7,396,666 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 45,336,375 shares. The stock had previously closed at $12.58.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. HC Wainwright reissued a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, MARA has an average rating of "Hold" and an average target price of $22.80.

MARA Stock Performance

The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.03 and a beta of 6.10. 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 company has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $17.56.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly 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. 0.80% of the stock is owned by corporate insiders.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC lifted its position in MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after acquiring an additional 518,503 shares in the last quarter. American Century Companies Inc. boosted its stake in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Northern Trust Corp increased its holdings in MARA by 18.1% during the 4th quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock worth $55,233,000 after purchasing an additional 504,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 14.0% in 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 purchasing an additional 372,094 shares in the last quarter. 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.