MARA (NASDAQ:MARA) Shares Down 4.7% - Should You Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) fell 4.7% during trading on Tuesday . The company traded as low as $19.02 and last traded at $19.58. 15,759,921 shares were traded during trading, a decline of 57% from the average session volume of 36,272,727 shares. The stock had previously closed at $20.55.

Analysts Set New Price Targets

MARA has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Compass Point cut 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. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, MARA currently has an average rating of "Hold" and an average price target of $25.80.

MARA Price Performance

The firm's fifty day simple moving average is $21.53 and its two-hundred day simple moving average is $19.22. The firm has a market cap of $6.14 billion, a PE ratio of 24.14 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly 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). The business had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company's revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. As a group, research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Buying and Selling at MARA

In related news, Director Jay P. Leupp sold 6,800 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $481,337.50. Following the transaction, the chief executive officer now owns 4,250,804 shares of the company's stock, valued at $74,389,070. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock worth $3,258,686 over the last quarter. Insiders own 0.97% of the company's stock.

Hedge Funds Weigh In On MARA

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of MARA in the second quarter valued at about $11,920,000. Rhumbline Advisers boosted its position in MARA by 126.5% during the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider's stock worth $15,615,000 after purchasing an additional 439,309 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in MARA during the 2nd quarter worth about $4,498,000. Institutional investors and hedge funds 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.