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

MARA Holdings (NASDAQ:MARA) 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 were traded 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 Stories Impacting MARA

These are some of the MARA stories that stood out recently:

• 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
• Positive Sentiment: MARA reported $632.1 million in quarterly net income, reduced debt by 37%, and authorized a $500 million share repurchase. The buyback and debt reduction may support investor confidence, though the reported profit came from digital-asset gains. MARA Q3 2026 Earnings Call Highlights
• 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 Ratings Changes

Several research firms recently weighed in on MARA. HC Wainwright began coverage on shares of MARA in a research report on Friday, September 11th. They set a “buy” rating and a $20.00 price target for the company. Compass Point reaffirmed a “buy” rating and issued a $20.00 price target on shares of MARA in a research note on Tuesday, November 10th. Wall Street Zen upgraded MARA from a “strong sell” rating to a “sell” rating in a report on Saturday. Guggenheim reiterated a “neutral” rating on shares of MARA in a research note on Tuesday, November 10th. Finally, JPMorgan Chase & Co. cut their price objective on MARA from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.00.

MARA Stock Down 2.9%

The business has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $10.60. The company has a current ratio of 2.31, a quick ratio of 0.89 and a debt-to-equity ratio of 1.13. The company has a market cap of $2.71 billion, a PE ratio of -0.86 and a beta of 5.23.

MARA (NASDAQ:MARA) last announced its earnings results on Monday, November 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.75%. The company had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $183.24 million. As a group, equities research analysts predict that MARA Holdings will post -0.93 earnings per share for the current year.

Insider Transactions at MARA

In related news, General Counsel Zabi Nowaid sold 8,376 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the transaction, the general counsel directly owned 898,780 shares in the company, valued at approximately $10,785,360. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Khan sold 16,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $9.21, for a total transaction of $147,360.00. Following the transaction, the chief financial officer owned 377,066 shares in the company, valued at $3,472,777.86. The trade was a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 134,396 shares of company stock valued at $1,311,490. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC grew its position in shares of MARA by 19.0% in the third quarter. Private Advisor Group LLC now owns 42,009 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 6,699 shares in the last quarter. Public Sector Pension Investment Board lifted its position in MARA by 12.1% during the third quarter. Public Sector Pension Investment Board now owns 2,033,777 shares of the business services provider’s stock worth $23,043,000 after buying an additional 219,097 shares in the last quarter. Edgestream Partners L.P. purchased a new position in MARA during the third quarter worth approximately $4,679,000. Western Wealth Management LLC lifted its position in MARA by 7.2% during the third quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider’s stock worth $322,000 after buying an additional 1,894 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new position in MARA during the third quarter worth approximately $162,000. 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.