MARA (NASDAQ:MARA) Stock Price Down 2.8% Following Analyst Downgrade

Shares of MARA Holdings, Inc. (NASDAQ:MARA) fell 2.8% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $23.00 to $18.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. MARA traded as low as $12.62 and last traded at $12.74. 9,371,474 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 46,332,603 shares. The stock had previously closed at $13.11.

Several other research analysts have also recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Barclays cut their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.80.

Insiders Place Their Bets

In related news, 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 sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $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. Insiders sold a total of 116,915 shares of company stock valued at $2,265,643 over the last quarter. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On MARA

Institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of MARA during the third quarter worth $26,000. Beacon Capital Management LLC acquired a new position in MARA during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of MARA in the 4th quarter valued at $27,000. 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 worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Stock Down 5.5 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.28 billion, a PE ratio of 15.76 and a beta of 5.95. The firm has a fifty day moving average of $16.83 and a 200 day moving average of $18.30.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business 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%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

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.