MARA (NASDAQ:MARA) Stock Price Down 2.9% – What’s Next?
by Scott Moore · The Cerbat GemMARA Holdings, Inc. (NASDAQ:MARA – Get Free Report)’s share price traded down 2.9% during mid-day trading on Tuesday . The company traded as low as $12.46 and last traded at $12.58. 12,157,897 shares traded hands during trading, a decline of 73% from the average session volume of 45,367,921 shares. The stock had previously closed at $12.95.
Wall Street Analyst Weigh In
MARA has been the subject of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Piper Sandler decreased their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Barclays dropped their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $22.80.
Check Out Our Latest Stock Analysis on MARA
MARA Stock Down 5.5 %
The company has a market cap of $4.23 billion, a P/E ratio of 15.49 and a beta of 6.10. The company has a 50-day simple moving average of $13.69 and a 200 day simple moving average of $17.66. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.
MARA (NASDAQ:MARA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.
Insider Activity
In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated 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 approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,710 shares of company stock valued at $1,209,825. Corporate insiders own 0.80% of the company’s stock.
Hedge Funds Weigh In On MARA
Several institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC bought a new stake in MARA during the 4th quarter valued at $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA during the 4th quarter worth $27,000. Sterling Capital Management LLC boosted its position in MARA by 358.3% during the fourth 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. Stonehage Fleming Financial Services Holdings Ltd grew its stake in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares in the last quarter. 44.53% of the stock is 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.
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