MARA (NASDAQ:MARA) Shares Down 3.8% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares fell 3.8% during mid-day trading on Friday following insider selling activity. The stock traded as low as $14.96 and last traded at $15.23. 14,069,934 shares changed hands during 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 business's stock in a transaction dated 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 directly owns 1,413,298 shares in the company, valued at $22,400,773.30. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MARA. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price objective on shares of MARA in a report on Thursday, April 24th. Rosenblatt Securities lifted their price objective on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on MARA from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Friday. Finally, Compass Point reissued a "sell" rating and issued a $9.50 target price (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.94.

MARA Stock Down 4.9%

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 fifty day moving average price of $14.42 and a 200 day moving average price of $16.36. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results 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). The business had revenue of $213.88 million for the quarter, compared to the consensus estimate of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Trading of MARA

Large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in MARA by 10.0% in the 1st quarter. Rhumbline Advisers now owns 917,299 shares of the business services provider's stock worth $10,549,000 after purchasing an additional 83,242 shares during the period. Strs Ohio acquired a new position in shares of MARA during the 1st quarter worth about $363,000. Intech Investment Management LLC lifted its stake in MARA by 14.5% in the 1st quarter. Intech Investment Management LLC now owns 160,717 shares of the business services provider's stock valued at $1,848,000 after purchasing an additional 20,413 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in MARA by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider's stock valued at $7,398,000 after purchasing an additional 63,903 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in MARA by 8.2% in the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider's stock valued at $257,000 after purchasing an additional 1,569 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.