MARA (NASDAQ:MARA) Trading Down 3% - Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s stock price fell 3% during trading on Wednesday . The stock traded as low as $16.64 and last traded at $16.77. 32,785,156 shares were traded during mid-day trading, a decline of 42% from the average session volume of 56,140,824 shares. The stock had previously closed at $17.29.

Wall Street Analyst Weigh In

MARA has been the topic of several research analyst reports. Compass Point cut shares of MARA from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of MARA from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They set 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 five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.80.

MARA Stock Down 3.0 %

The business's fifty day moving average price is $21.47 and its two-hundred day moving average price is $19.26. 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 firm has a market cap of $5.40 billion, a P/E ratio of 21.23 and a beta of 5.63.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period in the previous year, the company earned ($0.05) EPS. The firm's revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, equities research analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock valued at $3,258,686 in the last quarter. Insiders own 0.97% of the company's stock.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently modified their holdings of MARA. Private Advisor Group LLC lifted its stake in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock worth $3,669,000 after purchasing an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 217,106 shares during the period. Mutual of America Capital Management LLC lifted its position 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 buying an additional 107,963 shares during the period. Everence Capital Management Inc. acquired a new stake in MARA in the 3rd quarter valued at $640,000. Finally, Weiss Asset Management LP bought a new stake in MARA in the third quarter valued at $1,557,000. 44.53% of the stock is currently owned by 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.