MARA (NASDAQ:MARA) Shares Down 9.7% – What’s Next?

Posted by Brenda Bartman on Oct 16th, 2026

MARA Holdings (NASDAQ:MARA – Get Free Report)’s share price traded down 9.7% during mid-day trading on Wednesday. The stock traded as low as $8.17 and last traded at $8.23. Approximately 38,480,997 shares traded hands during trading, a decline of 16% from the average session volume of 45,621,730 shares. The stock had previously closed at $9.11.

Key Stories Impacting MARA

Here are the key news stories impacting MARA this week:

Positive Sentiment: Shares of MARA Holdings, formerly Marathon Digital Holdings, recently outperformed the broader market in a session when they closed at $8.34. Marathon Digital Holdings Beats Stock Market Upswing
Positive Sentiment: Investors purchased 310,828 MARA call options, about 50% above typical volume. This may indicate increased bullish speculation or hedging demand, although options activity does not guarantee sustained buying in the shares.
Neutral Sentiment: The supplied articles about Aday Mara, an Oklahoma City Thunder rookie, concern an unrelated basketball player and do not affect MARA Holdings’ business or valuation.
Negative Sentiment: The company’s latest reported quarter remains a significant overhang: MARA posted a much wider-than-expected loss, missed revenue estimates, and reported a year-over-year revenue decline. Analysts expect another full-year loss, reinforcing concerns about profitability and execution.

Analyst Ratings Changes

Several brokerages recently commented on MARA. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research note on Monday, September 14th. Cantor Fitzgerald cut their price objective on MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. HC Wainwright started coverage on MARA in a research report on Friday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. Piper Sandler lowered their target price on MARA from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price 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 assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.10.

Check Out Our Latest Analysis on MARA

MARA Stock Performance

The stock has a market cap of $2.87 billion, a P/E ratio of -0.82 and a beta of 5.33. The stock has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $11.79. 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 – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share 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 firm had revenue of $174.88 million for the quarter, compared to analyst estimates of $209.44 million. During the same period last year, the company earned $1.84 EPS. The company’s revenue was down 26.7% compared to the same quarter last year. On average, equities analysts expect that MARA Holdings will post -1.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Salman Khan sold 16,000 shares of the 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 in the company, valued at $3,472,777.86. This represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 dated Friday, August 21st. The stock was sold at an average price of $12.00, for a total transaction of $100,512.00. Following the transaction, the general counsel owned 898,780 shares of the company’s stock, valued at approximately $10,785,360. This represents a 0.92% 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. Insiders have sold 106,891 shares of company stock valued at $1,124,731 in the last three months. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of MARA by 1,154.9% during the 2nd quarter. IFP Advisors Inc now owns 2,422 shares of the business services provider’s stock worth $34,000 after purchasing an additional 2,229 shares in the last quarter. Ascentis Independent Advisors bought a new stake in MARA during the first quarter worth $28,000. CoreCap Advisors LLC raised its position in MARA by 128.0% during the second quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock worth $51,000 after acquiring an additional 2,050 shares in the last quarter. Activest Wealth Management raised its position in MARA by 300.0% during the third quarter. Activest Wealth Management now owns 4,000 shares of the business services provider’s stock worth $45,000 after acquiring an additional 3,000 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in MARA by 58.2% in 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 acquiring an additional 1,475 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

About MARA

(Get Free Report)

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.