MARA (NASDAQ:MARA) Stock Falls 6.9% – Here’s What Happened

MARA Holdings (NASDAQ:MARA) was down 6.9% during mid-day trading on Thursday. The company traded as low as $7.11 and last traded at $7.25. Approximately 34,240,129 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 45,344,625 shares. The stock had previously closed at $7.79.

More MARA News

Here are the key news stories impacting MARA this week:

• Neutral Sentiment: MARA is drawing increased attention on Zacks, making it a heavily searched stock. The coverage itself does not represent a fundamental change, but heightened visibility could increase trading activity and volatility. Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock
• Negative Sentiment: MARA transferred 1,000 Bitcoin to major cryptocurrency exchanges in several tranches. No Bitcoin sales have been confirmed, but investors are concerned the move could precede sales or signal a shift toward raising liquidity, creating a potential selling overhang and uncertainty around the company’s treasury strategy. MARA Holdings Moved 1,000 BTC to Exchanges and Investors Are Watching
• Negative Sentiment: Bitcoin was trading near $81,836 after falling over the prior 24 hours, while public Bitcoin treasury companies have an estimated average cost near $80,000 per coin. A sustained decline below that level could pressure MARA’s Bitcoin holdings, liquidity and valuation. Bitcoin Price Analysis: Treasury Companies Break Even Near $80,000
• Negative Sentiment: Piper Sandler lowered its price targets for MARA and several other cryptocurrency-related stocks, although it retained Overweight ratings. The target reductions suggest more cautious expectations for miners amid cryptocurrency-market volatility. Piper Sandler Cuts Price Targets on MARA, Riot, Galaxy and Hut 8

Analysts Set New Price Targets

MARA has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $11.00 target price (down from $13.00) on shares of MARA in a research report on Tuesday. Weiss Ratings upgraded shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $11.00 price objective (down from $13.00) on shares of MARA in a research note on Monday, September 14th. Cantor Fitzgerald decreased their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Citizens Jmp began coverage on shares of MARA in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.78.

MARA Price Performance

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50 day moving average price is $10.77 and its two-hundred day moving average price is $11.78. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -0.79 and a beta of 5.33.

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

Insiders Place Their Bets

In other MARA news, CFO Salman Khan sold 16,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $9.21, for a total transaction of $147,360.00. Following the completion of the sale, the chief financial officer directly owned 377,066 shares in the company, valued at $3,472,777.86. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $11.22, for a total transaction of $308,606.10. Following the sale, the chief executive officer owned 4,217,586 shares of the company’s stock, valued at $47,321,314.92. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 106,891 shares of company stock valued at $1,124,731 in the last quarter. Insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On MARA

Large investors have recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in MARA by 315.5% during the 1st quarter. Quantinno Capital Management LP now owns 166,571 shares of the business services provider’s stock valued at $1,359,000 after purchasing an additional 126,482 shares during the period. WINTON GROUP Ltd acquired a new stake in MARA in the 2nd quarter valued at approximately $3,545,000. Compass Financial Management LLC bought a new position in MARA in the 2nd quarter worth approximately $6,000,000. Edgestream Partners L.P. bought a new position in MARA in the 1st quarter worth approximately $2,864,000. Finally, Hsbc Holdings PLC acquired a new position in shares of MARA during the fourth quarter worth approximately $5,220,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

About MARA

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.