MARA (NASDAQ:MARA) Stock Price Down 4.3% – Here’s What Happened

MARA Holdings (NASDAQ:MARA) shares fell 4.3% during trading on Thursday. The company traded as low as $9.64 and last traded at $9.91. 47,541,312 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 45,889,070 shares. The stock had previously closed at $10.36.

MARA News Roundup

Here are the key news stories impacting MARA this week:

• Positive Sentiment: A reported increase of 10.70% in MARA’s consensus price target, to MX$333.31, provides a bullish signal, although the target’s currency and methodology require careful interpretation. MARA Holdings consensus price target increased
• Neutral Sentiment: MARA is attracting significant investor attention, with Zacks highlighting the stock as one of its most-watched names and reviewing whether its outlook supports a purchase. The article does not, from the available summary, establish a clear new catalyst or recommendation. Is Trending Stock Marathon Digital Holdings a Buy Now?
• Negative Sentiment: Market weakness in Bitcoin and other crypto-linked equities is weighing on MARA’s near-term performance. Because Bitcoin-mining revenue and profitability are highly sensitive to cryptocurrency prices, continued weakness could pressure investor sentiment. Five Things to Know Before the Stock Market Opens
• Negative Sentiment: Recent analysis argues that MARA is being valued partly on an AI growth story that has not yet been supported by a signed AI customer or tenant. That raises execution risk and makes the stock vulnerable if the company cannot convert its infrastructure ambitions into contracted revenue. MARA Holdings Priced for an AI Story It Hasn’t Signed Yet
• Negative Sentiment: Another bearish commentary criticizes MARA’s strategic positioning and argues that the company has not delivered a convincing AI diversification case. This reinforces concerns beyond Bitcoin exposure. My Worst Pick of 2025

Analysts Set New Price Targets

Several analysts have issued reports on MARA shares. Cantor Fitzgerald cut their price objective on MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded MARA from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Piper Sandler lowered their price target on MARA from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Citizens Jmp started coverage on MARA in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 price target on the stock. Finally, Morgan Stanley restated an “underweight” rating and set a $11.00 price objective (up from $6.00) on shares of MARA in a research note on Friday, September 18th. Eight 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.20.

MARA Stock Down 4.3%

The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -1.08 and a beta of 5.33. The stock has a 50-day moving average of $11.22 and a 200-day moving average of $11.76. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

MARA (NASDAQ:MARA) last issued its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share 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 analyst estimates of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.MARA’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 earnings per share. As a group, sell-side analysts forecast that MARA Holdings will post -1.65 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CFO Salman Khan sold 16,000 shares of the business’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 transaction, the chief financial officer directly owned 377,066 shares of the company’s stock, valued at $3,472,777.86. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $11.22, for a total transaction of $308,606.10. Following the completion of the transaction, the chief executive officer owned 4,217,586 shares of the company’s stock, valued at approximately $47,321,314.92. This trade represents a 0.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,891 shares of company stock worth $1,124,731 in the last ninety days. 0.97% of the stock is owned by insiders.

Hedge Funds Weigh In On MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in MARA by 1,154.9% during the 2nd quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 2,229 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of MARA in the first quarter worth $28,000. CoreCap Advisors LLC grew its stake in shares of MARA by 128.0% in the second quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock worth $51,000 after purchasing an additional 2,050 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 period. Finally, Bogart Wealth LLC increased its holdings in shares of MARA by 4,345.1% during the first quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 3,954 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About MARA

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset technology company focused primarily on mining bitcoin. The company operates specialized data centers containing application-specific integrated circuit (ASIC) computers that process transactions and secure the Bitcoin network in exchange for bitcoin rewards.

In addition to bitcoin mining, MARA develops and operates digital asset computing infrastructure. Its activities include managing energy and data-center resources, deploying mining hardware, and pursuing technologies designed to improve the efficiency and scalability of digital asset mining.