MARA (NASDAQ:MARA) Stock Price Down 0.1% – Should You Sell?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 0.1% during trading on Tuesday . The company traded as low as $12.81 and last traded at $13.39. 13,787,927 shares were traded during trading, a decline of 70% from the average session volume of 46,656,866 shares. The stock had previously closed at $13.41.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MARA. Barclays cut their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.80.

MARA Stock Performance

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 firm has a market capitalization of $4.21 billion, a P/E ratio of 15.39 and a beta of 5.95. The stock has a fifty day moving average of $16.83 and a 200-day moving average of $18.30.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,915 shares of company stock worth $2,265,643 over the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MARA

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in 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 purchasing an additional 107,963 shares during the last quarter. Weiss Asset Management LP acquired a new stake in MARA during the 3rd quarter worth approximately $1,557,000. Intech Investment Management LLC acquired a new stake in MARA during the 3rd quarter worth approximately $1,107,000. Finally, Public Sector Pension Investment Board lifted its holdings in MARA by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after purchasing an additional 24,300 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.