MARA (NASDAQ:MARA) Shares Down 0.2% – Should You Sell?

by · The Cerbat Gem

Shares of MARA Holdings, Inc. (NASDAQ:MARA – Get Free Report) dropped 0.2% on Friday . The stock traded as low as $19.81 and last traded at $20.33. Approximately 16,950,789 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 56,646,207 shares. The stock had previously closed at $20.37.

Analyst Ratings Changes

MARA has been the topic of several research analyst reports. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. B. Riley boosted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays initiated coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus price target of $25.80.

View Our Latest Report on MARA

MARA Price Performance

The firm has a market capitalization of $6.42 billion, a PE ratio of 25.27 and a beta of 5.63. The business has a 50-day moving average of $21.40 and a 200 day moving average of $19.34. 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 released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value 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. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,615 shares of company stock worth $3,258,686 in the last quarter. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares during the period. Everence Capital Management Inc. bought a new position in MARA in the 3rd quarter worth about $640,000. Finally, Weiss Asset Management LP bought a new position in MARA in the 3rd quarter worth about $1,557,000. Institutional investors own 44.53% of the company’s stock.

MARA Company Profile

(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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