MARA (NASDAQ:MARA) Shares Down 0.2% on Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 0.2% on Wednesday after an insider sold shares in the company. The stock traded as low as $24.61 and last traded at $25.08. Approximately 19,239,771 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 56,441,129 shares. The stock had previously closed at $25.13.

Specifically, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their position. The sale 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 analysts have weighed in on MARA shares. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.33.

MARA Stock Performance

The stock has a market capitalization of $8.35 billion, a P/E ratio of 32.86 and a beta of 5.63. The company’s 50-day moving average is $19.68 and its two-hundred day moving average is $19.13. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Institutional Trading of MARA

Several hedge funds have recently bought and sold shares of MARA. Geode Capital Management LLC lifted its stake in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after acquiring an additional 378,542 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MARA by 8.9% in 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 acquiring an additional 217,106 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after acquiring an additional 1,327,969 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after acquiring an additional 37,150 shares during the period. 44.53% of the stock is currently owned by institutional investors.

About MARA

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.