MARA (NASDAQ:MARA) Stock Price Down 4.1% on Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA) was down 4.1% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $13.19 and last traded at $13.23. Approximately 17,032,181 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 37,326,816 shares. The stock had previously closed at $13.79.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday. Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.78.

MARA Trading Up 1.3 %

The company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $18.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 17.68 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million for 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%. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of MARA by 17.2% during the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after acquiring an additional 4,974 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in MARA by 1,522.0% in the third quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 18,355 shares in the last quarter. New York State Teachers Retirement System increased its stake in MARA by 2.0% in the third quarter. New York State Teachers Retirement System now owns 275,957 shares of the business services provider’s stock valued at $4,476,000 after purchasing an additional 5,479 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in MARA during the third quarter worth approximately $166,000. Finally, Van ECK Associates Corp lifted its position in shares of MARA by 12.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,106,037 shares of the business services provider’s stock worth $17,940,000 after buying an additional 125,717 shares during the last quarter. Institutional investors and hedge funds 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.