MARA (NASDAQ:MARA) Trading Down 3.8% on Insider Selling

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded down 3.8% during trading on Friday after an insider sold shares in the company. The stock traded as low as $14.96 and last traded at $15.23. 14,069,934 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 44,948,916 shares. The stock had previously closed at $15.82.

Specifically, CFO Salman Hassan Khan sold 34,733 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total transaction of $550,518.05. Following the transaction, the chief financial officer now owns 1,413,298 shares in the company, valued at $22,400,773.30. This trade represents a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MARA. Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on MARA from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday. Rosenblatt Securities increased their target price on MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Barclays upped their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Piper Sandler reduced their target price on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.94.

MARA Trading Up 1.9%

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $14.51 and its two-hundred day moving average price is $16.20. The company has a market capitalization of $5.39 billion, a PE ratio of 19.39 and a beta of 6.61.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $234.19 million. During the same quarter last year, the business earned $1.26 earnings per share. The business's quarterly revenue was up 29.5% on a year-over-year basis. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after purchasing an additional 372,094 shares in the last quarter. Rhumbline Advisers increased its stake in shares of MARA by 6.6% during the fourth quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider's stock valued at $13,987,000 after purchasing an additional 51,643 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of MARA by 589.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider's stock valued at $69,000 after acquiring an additional 3,387 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of MARA by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 355,218 shares of the business services provider's stock valued at $5,957,000 after acquiring an additional 3,393 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of MARA by 4.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,819 shares of the business services provider's stock valued at $1,875,000 after acquiring an additional 4,945 shares in 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.