MARA (NASDAQ:MARA) Shares Down 2.8% Following Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 2.8% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $18.93 and last traded at $19.02. Approximately 13,018,091 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 39,357,473 shares. The stock had previously closed at $19.56.

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

MARA has been the topic of several research reports. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Barclays assumed coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

The stock’s 50 day simple moving average is $21.37 and its 200-day simple moving average is $19.09. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 24.92 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same period in the previous year, the company earned ($0.05) earnings per share. MARA’s revenue was up 34.4% on a year-over-year basis. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On MARA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC raised its position in MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after buying an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 107,963 shares during the period. Everence Capital Management Inc. purchased a new stake in MARA in the third quarter valued at $640,000. Finally, Weiss Asset Management LP purchased a new stake in MARA in the third quarter valued at $1,557,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.