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

MARA Holdings (NASDAQ:MARA)’s share price traded down 4.3% during trading on Thursday. The stock traded as low as $9.64 and last traded at $9.91. 47,541,312 shares traded hands during trading, an increase of 4% from the average session volume of 45,889,070 shares. The stock had previously closed at $10.36.

Key MARA News

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

Analyst Ratings Changes

A number of analysts have recently weighed in on MARA shares. Weiss Ratings raised shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. HC Wainwright initiated coverage on shares of MARA in a research note on Friday, September 11th. They set a “buy” rating and a $20.00 price objective on the stock. Citizens Jmp assumed coverage on MARA in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 target price for the company. Morgan Stanley reaffirmed an “underweight” rating and set a $11.00 price target (up from $6.00) on shares of MARA in a research note on Friday, September 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of MARA in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus target price of $19.20.

MARA Price Performance

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

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

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $11.22, for a total value of $308,606.10. Following the transaction, the chief executive officer owned 4,217,586 shares of the company’s stock, valued at approximately $47,321,314.92. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a 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. Also, General Counsel Zabi Nowaid sold 8,376 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $12.00, for a total value of $100,512.00. Following the sale, the general counsel owned 898,780 shares of the company’s stock, valued at $10,785,360. This trade 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. Over the last 90 days, insiders have sold 106,891 shares of company stock valued at $1,124,731. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On MARA

Several hedge funds have recently modified their holdings of MARA. Capital World Investors boosted its position in shares of MARA by 0.6% in the 4th quarter. Capital World Investors now owns 2,954,764 shares of the business services provider’s stock valued at $26,534,000 after purchasing an additional 19,048 shares during the period. Principal Financial Group Inc. raised its holdings in 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 buying an additional 35,978 shares during the period. Hsbc Holdings PLC lifted its stake in MARA by 11.5% during 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 purchased a new stake in MARA during the first quarter valued at about $5,064,000. Finally, Compass Rose Asset Management LP acquired a new position in shares of MARA in the first quarter worth about $4,243,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.