MARA (NASDAQ:MARA) Shares Down 3.6% – Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares dropped 3.6% during trading on Wednesday . The stock traded as low as $18.14 and last traded at $18.39. Approximately 10,995,024 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 35,311,996 shares. The stock had previously closed at $19.07.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MARA shares. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. B. Riley lifted their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald started coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.80.

MARA Trading Down 3.0 %

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 fifty day simple moving average of $21.53 and a 200-day simple moving average of $19.22. The company has a market capitalization of $5.95 billion, a PE ratio of 23.41 and a beta of 5.76.

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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. MARA’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,615 shares of company stock worth $3,258,686. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of MARA in the 3rd quarter valued at $26,000. Larson Financial Group LLC grew its position in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC increased its stake in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MARA during the third quarter worth about $50,000. Finally, Tobam boosted its stake in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.