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

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 0.2% during trading on Thursday following insider selling activity. The company traded as low as $21.13 and last traded at $21.57. 15,690,994 shares traded hands during trading, a decline of 72% from the average session volume of 56,683,047 shares. The stock had previously closed at $21.61.

Specifically, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MARA. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday. They issued an “overweight” rating and a $34.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday. One investment 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, MARA currently has an average rating of “Hold” and a consensus price target of $25.80.

MARA Price Performance

The company has a market cap of $6.42 billion, a PE ratio of 25.27 and a beta of 5.63. The stock has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $19.35. 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 posted its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter valued at about $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC boosted its stake in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA in the 3rd quarter worth approximately $50,000. Finally, Tobam increased its stake in MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.