MARA (NASDAQ:MARA) Stock Price Down 0.6% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 0.6% on Friday . The stock traded as low as $22.37 and last traded at $22.45. Approximately 15,190,841 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 56,688,832 shares. The stock had previously closed at $22.58.

Analyst Ratings Changes

Several research firms have weighed in on MARA. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.56.

MARA Price Performance

The firm has a market cap of $7.39 billion, a P/E ratio of 28.42 and a beta of 5.63. 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 stock’s 50-day simple moving average is $20.62 and its two-hundred day simple moving average is $19.26.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) 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 the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares in the company, valued at $40,187,010.60. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,622 shares of company stock worth $2,890,197 in the last quarter. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

Several large investors have recently modified their holdings of MARA. Financial Advocates Investment Management boosted its holdings in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after buying an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. lifted its holdings in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after buying an additional 1,170 shares in the last quarter. Finally, Signaturefd LLC raised its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

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.