MARA (NASDAQ:MARA) Stock Price Down 3.7% – Here’s What Happened

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 3.7% during trading on Friday . The stock traded as low as $17.42 and last traded at $17.67. 11,442,715 shares were traded during mid-day trading, a decline of 67% from the average session volume of 34,216,555 shares. The stock had previously closed at $18.34.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MARA shares. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.80.

MARA Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $5.75 billion, a PE ratio of 22.61 and a beta of 5.76. The business’s 50 day moving average is $21.57 and its 200-day moving average is $19.21.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. As a group, analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,615 shares of company stock valued at $3,258,686. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds have recently modified their holdings of MARA. Dimensional Fund Advisors LP boosted its stake in MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the period. Public Sector Pension Investment Board acquired a new stake in shares of MARA during the second quarter worth about $11,920,000. Geode Capital Management LLC boosted its stake in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after buying an additional 378,542 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of MARA during the second quarter worth about $4,498,000. Finally, Charles Schwab Investment Management Inc. increased its position in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the period. 44.53% of the stock is currently owned by hedge funds and other 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.