MARA (NASDAQ:MARA) Trading Down 1.9% - Here's Why

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) dropped 1.9% on Monday . The stock traded as low as $13.77 and last traded at $14.03. Approximately 12,351,754 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 45,035,790 shares. The stock had previously closed at $14.30.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MARA. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Barclays reduced 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. Piper Sandler lowered their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, HC Wainwright reaffirmed a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.80.

MARA Price Performance

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 capitalization of $4.82 billion, a P/E ratio of 17.61 and a beta of 6.10. The business has a 50 day simple moving average of $13.08 and a two-hundred day simple moving average of $17.51.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (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 company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Beacon Capital Management LLC purchased a new stake in shares of MARA during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in MARA during the 4th quarter valued at $27,000. Sterling Capital Management LLC boosted its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after buying an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after acquiring an additional 860 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares during the period. 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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