MARA (NASDAQ:MARA) Stock Falls 3.2% – Time to Sell?

Posted by Francis Steltz on Sep 24th, 2026

MARA Holdings (NASDAQ:MARA – Get Free Report) shares fell 3.2% on Thursday. The stock traded as low as $12.84 and last traded at $12.92. 39,845,585 shares traded hands during trading, a decline of 14% from the average session volume of 46,472,621 shares. The stock had previously closed at $13.35.

Analysts Set New Price Targets

MARA has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of MARA in a research report on Monday, June 1st. Morgan Stanley reissued an “underweight” rating and set a $11.00 price objective (up from $6.00) on shares of MARA in a report on Friday, September 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $11.00 target price (down from $13.00) on shares of MARA in a research report on Monday, September 14th. Citizens Jmp initiated 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, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of MARA in a research note on Friday, August 7th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.20.

View Our Latest Stock Report on MARA

MARA Trading Down 3.2%

The firm has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $11.57. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.15. The stock has a market cap of $4.99 billion, a PE ratio of -1.41 and a beta of 5.32.

MARA (NASDAQ:MARA – Get Free Report) last announced its quarterly 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 analysts’ expectations of $209.44 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. MARA’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 earnings per share. Equities analysts forecast that MARA Holdings will post -1.65 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Zabi Nowaid sold 8,376 shares of MARA stock in a transaction on Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the completion of the sale, the general counsel directly owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $11.45, for a total transaction of $314,932.25. Following the completion of the transaction, the chief executive officer owned 4,308,192 shares of the company’s stock, valued at $49,328,798.40. This trade represents a 0.63% decrease in their ownership of the stock. 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 sold a total of 79,386 shares of company stock worth $816,125 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MARA

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of MARA by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 9,957,766 shares of the business services provider’s stock valued at $89,434,000 after purchasing an additional 251,674 shares in the last quarter. Norges Bank bought a new stake in MARA in the fourth quarter worth $39,492,000. Capital World Investors boosted its position in MARA by 0.6% during the fourth quarter. Capital World Investors now owns 2,954,764 shares of the business services provider’s stock valued at $26,534,000 after buying an additional 19,048 shares during the period. Principal Financial Group Inc. grew its stake in shares of MARA by 2.0% during the first quarter. Principal Financial Group Inc. now owns 1,838,149 shares of the business services provider’s stock valued at $14,999,000 after buying an additional 35,978 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of MARA by 51.2% during the second quarter. Headlands Technologies LLC now owns 444,756 shares of the business services provider’s stock valued at $6,178,000 after buying an additional 150,665 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

About MARA

(Get Free Report)

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.