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

Shares of MARA Holdings (NASDAQ:MARA) traded down 4.1% on Wednesday following insider selling activity. The company traded as low as $6.67 and last traded at $6.87. Approximately 46,518,002 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 44,990,141 shares. The stock had previously closed at $7.16.

Specifically, CEO Frederick Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total transaction of $186,758.95. Following the completion of the sale, the chief executive officer owned 4,149,585 shares in the company, valued at $28,175,682.15. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MARA shares. HC Wainwright began coverage on shares of MARA in a research report on Friday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Morgan Stanley set a $10.00 price target on shares of MARA and gave the company an “underweight” rating in a report on Friday, October 9th. JPMorgan Chase & Co. downgraded shares of MARA from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $13.00 to $11.00 in a research report on Monday, September 14th. Cantor Fitzgerald dropped their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. Seven analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.78.

Key Stories Impacting MARA

Here are the key news stories impacting MARA this week:

• Positive Sentiment: MARA rallied alongside other Bitcoin miners in a broad sector rebound, with the move extending after hours. The stock’s sensitivity to Bitcoin-mining sentiment can amplify gains when the sector strengthens. MARA Surges Nearly 10% After Hours
• Neutral Sentiment: MARA Forensics debuted a remote mobile-collection product. The report does not establish how significant this offering is to MARA Holdings’ core Bitcoin-mining business, so its near-term stock impact is unclear. MARA Forensics Debuts Targeted Pro
• Neutral Sentiment: CEO Frederick Thiel sold 27,505 shares under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.66%. The planned sale may temper concern, though it adds to investor focus on insider transactions. CEO Frederick Thiel Sells Shares
• Negative Sentiment: Short interest rose 11.1% to 33.65% of the float as of October 15, signaling substantial bearish positioning. It could increase volatility, although crowded short positions can also contribute to sharp rallies. MARA Holdings Short Interest Rises
• Negative Sentiment: Investors face a key test in the upcoming Q3 update: coverage has raised questions about progress on leases and the Longridge project offsetting a shrinking Bitcoin cushion. MARA’s Q3 Test

MARA Stock Performance

The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -0.75 and a beta of 5.23. The company’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $10.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.89.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($1.77). The company had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. The company’s revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. On average, equities research analysts anticipate that MARA Holdings will post -1.65 earnings per share for the current year.

Institutional Trading of MARA

Several institutional investors have recently modified their holdings of MARA. CI Investments Inc. raised its position in shares of MARA by 7.6% during the first quarter. CI Investments Inc. now owns 13,520 shares of the business services provider’s stock worth $110,000 after purchasing an additional 957 shares during the period. Greenleaf Trust lifted its holdings in shares of MARA by 9.9% during the second quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 1,076 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of MARA by 58.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,475 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of MARA by 12.5% during the first quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 1,485 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of MARA by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,598 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Company Profile

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.