MARA (NASDAQ:MARA) Shares Down 4.1% Following Insider Selling

MARA Holdings (NASDAQ:MARA)’s stock price traded down 4.1% on Wednesday after an insider sold shares in the company. The stock traded as low as $6.67 and last traded at $6.87. 46,518,002 shares changed hands during 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 stock in a transaction dated Monday, November 2nd. The stock was 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 directly owned 4,149,585 shares of the company’s stock, valued at approximately $28,175,682.15. This represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

MARA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of MARA from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $13.00 to $11.00 in a research report on Monday, September 14th. Morgan Stanley set a $10.00 target price on MARA and gave the stock an “underweight” rating in a research report on Friday, October 9th. Piper Sandler restated an “overweight” rating and set a $11.00 price target (down from $13.00) on shares of MARA in a report on Tuesday, October 20th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of MARA in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded MARA from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.78.

MARA News Roundup

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 Trading Down 4.1%

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

MARA (NASDAQ:MARA) last released 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 for the quarter, compared to analyst estimates of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%. The business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, research analysts anticipate that MARA Holdings will post -1.65 EPS for the current year.

Institutional Investors Weigh In On MARA

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of MARA by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,838,149 shares of the business services provider’s stock worth $14,999,000 after purchasing an additional 35,978 shares in the last quarter. Hsbc Holdings PLC boosted its position in MARA by 11.5% in the first quarter. Hsbc Holdings PLC now owns 634,172 shares of the business services provider’s stock valued at $5,099,000 after buying an additional 65,220 shares in the last quarter. Delta Global Management LP acquired a new position in MARA in the first quarter valued at about $5,064,000. Compass Rose Asset Management LP bought a new stake in MARA during the first quarter worth about $4,243,000. Finally, Compass Financial Management LLC grew its stake in MARA by 3.1% during the third quarter. Compass Financial Management LLC now owns 445,280 shares of the business services provider’s stock worth $5,045,000 after buying an additional 13,309 shares during the last quarter. Institutional investors 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.