MARA (NASDAQ:MARA) Stock Price Down 2.7% - Here's What Happened

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares were down 2.7% during mid-day trading on Thursday . The company traded as low as $15.25 and last traded at $15.44. Approximately 9,886,859 shares traded hands during trading, a decline of 78% from the average daily volume of 44,951,418 shares. The stock had previously closed at $15.87.

Analyst Ratings Changes

MARA has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Compass Point reiterated a "sell" rating and issued a $9.50 price target (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. Barclays boosted their price objective on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Thursday, April 24th. Finally, Piper Sandler dropped their target price on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, MARA has a consensus rating of "Hold" and a consensus target price of $20.72.

MARA Stock Down 0.9%

The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 19.90 and a beta of 6.82. 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 firm's fifty day moving average price is $13.12 and its 200-day moving average price is $17.21.

MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million during the quarter, compared to analyst estimates of $234.19 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. Sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 33,400 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the sale, the chief financial officer now directly owns 1,680,971 shares in the company, valued at approximately $25,214,565. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,615 shares of company stock valued at $2,088,610. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Capital Advisors Inc. OK purchased a new stake in MARA during the fourth quarter valued at about $699,000. Arkadios Wealth Advisors bought a new stake in MARA in the fourth quarter valued at approximately $231,000. Foundations Investment Advisors LLC grew its holdings in shares of MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock worth $1,877,000 after purchasing an additional 42,494 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after buying an additional 372,094 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in MARA by 17.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock valued at $15,076,000 after buying an additional 135,133 shares during 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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