MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price was down 4.1% during trading on Tuesday following insider selling activity. The stock traded as low as $13.19 and last traded at $13.23. Approximately 17,032,181 shares changed hands during trading, a decline of 54% from the average daily volume of 37,326,816 shares. The stock had previously closed at $13.79.
Specifically, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 completion of the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Piper Sandler cut their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday. Macquarie upped their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, Rosenblatt Securities began coverage on MARA in a report on Friday. They set a "buy" rating and a $19.00 price objective on the stock. 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. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average target price of $23.30.
Read Our Latest Stock Report on MARA
MARA Stock Performance
The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 20.28 and a beta of 5.76. The firm's 50-day moving average price is $17.10 and its two-hundred day moving average price is $18.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.
MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. Sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.
Institutional Investors Weigh In On MARA
Large investors have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in MARA in the third quarter valued at about $26,000. Beacon Capital Management LLC acquired a new position in shares of MARA in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of MARA in the 4th quarter worth approximately $27,000. Larson Financial Group LLC grew its position in 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 acquiring an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings 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 purchasing an additional 1,426 shares in the last quarter. Institutional investors own 44.53% of the company's stock.
About MARA
(
Get Free Report)
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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