MARA (NASDAQ:MARA) Stock Falls 2.9% – Here’s What Happened

MARA Holdings (NASDAQ:MARA)’s share price fell 2.9% during mid-day trading on Friday. The stock traded as low as $6.65 and last traded at $6.99. 42,114,431 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 45,036,465 shares. The stock had previously closed at $7.20.

Key MARA News

These are some of the MARA news items that stood out recently:

• Positive Sentiment: Compass Point initiated coverage with a Buy rating, adding fresh analyst support. MARA Stock Rated Buy in New Coverage at Compass Point
• Positive Sentiment: HC Wainwright raised its 2026 and 2027 earnings estimates and reiterated its Buy rating with a $20 price target. Its revised forecasts still project losses, but smaller ones than previously expected. HC Wainwright Raises MARA Earnings Estimates
• Negative Sentiment: Revenue declined 35% in the quarter, and the company’s AI data-center leases could be delayed into next year, tempering the outlook for its diversification plans. MARA Buyback and AI Lease Timing

Analyst Upgrades and Downgrades

MARA has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $11.00 price target (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. Morgan Stanley set a $10.00 price target on shares of MARA and gave the company an “underweight” rating in a research report on Friday, October 9th. Compass Point restated a “buy” rating and issued a $20.00 price objective on shares of MARA in a research note on Tuesday. Cantor Fitzgerald dropped their price objective on MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings upgraded MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, MARA has an average rating of “Hold” and a consensus price target of $16.00.

MARA Stock Performance

The company has a market cap of $2.71 billion, a price-to-earnings ratio of -0.86 and a beta of 5.23. The firm has a 50-day simple moving average of $9.61 and a 200 day simple moving average of $10.62. The company has a quick ratio of 0.89, a current ratio of 2.31 and a debt-to-equity ratio of 1.13.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Monday, November 9th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $1.67. The company had revenue of $164.23 million during the quarter, compared to analysts’ expectations of $183.24 million. MARA had a negative return on equity of 37.75% and a negative net margin of 411.23%. On average, sell-side analysts predict that MARA Holdings will post -0.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total value 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. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. This represents a 0.92% decrease in their position. 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 have sold 134,396 shares of company stock valued at $1,311,490 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MARA. CI Investments Inc. boosted its stake 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 buying an additional 957 shares during the period. Greenleaf Trust increased its position in MARA by 9.9% in the 2nd quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,076 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in MARA by 58.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,475 shares during the period. Sigma Planning Corp increased its position in MARA by 12.5% in the 1st quarter. Sigma Planning Corp now owns 13,409 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 1,485 shares during the period. Finally, NewEdge Advisors LLC raised its stake in MARA by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,320 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 1,598 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About MARA

MARA Holdings, Inc., formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards. The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.