MARA (NASDAQ:MARA) Shares Down 4.3% – What’s Next?

MARA Holdings (NASDAQ:MARA)’s share price was down 4.3% during mid-day 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 session volume of 45,889,070 shares. The stock had previously closed at $10.36.

More MARA News

Here are the key news stories impacting MARA this week:

• Positive Sentiment: CEO Fred Thiel reportedly expects MARA to secure two AI-related leases by year-end. Successful agreements could diversify revenue beyond Bitcoin mining and provide a potential catalyst, although investors will likely want firm contracts and evidence of meaningful revenue before assigning substantial value. MARA’s CEO Expects Two AI Leases by Year-End
• Positive Sentiment: Brokerages cited in a recent report have an average price target of approximately $19.20, nearly double the stock’s recent trading level. The target indicates considerable upside on paper, but it reflects analyst expectations rather than a new company announcement or guaranteed return. MARA Holdings Stock Has Average Target Price of $19.20
• Neutral Sentiment: MARA is receiving elevated investor attention, with Zacks highlighting the company as a heavily watched stock. The coverage may increase trading activity, but the article does not establish a clear change in earnings, valuation, or business fundamentals. Is Trending Stock Marathon Digital Holdings a Buy Now?
• Neutral Sentiment: A market-data entry describes a large October increase in short interest but simultaneously reports total short interest of zero shares and zero days to cover. Because those figures conflict, the data should not be treated as reliable evidence of either rising bearish positioning or potential short-squeeze support.
• Negative Sentiment: MARA transferred 996.105 Bitcoin, valued at roughly $81.1 million, to Galaxy Digital. The transfer could represent custody or financing activity, but investors may be concerned about a potential sale. It follows the sale of 23,093 BTC in the first half of 2026 and a decline in reported Bitcoin holdings to 35,577 BTC as of June 30. MARA Holdings Sends $81M to Galaxy—What Next?

Wall Street Analysts Forecast Growth

MARA has been the subject of several recent analyst reports. HC Wainwright began coverage on shares of MARA in a report on Friday, September 11th. They issued a “buy” rating and a $20.00 target price for the company. Cantor Fitzgerald cut their target price on MARA from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $11.00 price target (down from $13.00) on shares of MARA in a report on Monday, September 14th. Citizens Jmp initiated coverage on MARA in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $24.00 price objective for the company. Finally, Weiss Ratings upgraded shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.10.

MARA Trading Down 2.6%

The stock has a 50 day moving average of $11.15 and a 200-day moving average of $11.76. The company has a market capitalization of $3.73 billion, a P/E ratio of -1.05 and a beta of 5.33. 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 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 firm had revenue of $174.88 million for 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 period in the prior year, the firm earned $1.84 EPS. On average, research analysts predict that MARA Holdings will post -1.65 EPS for the current year.

Insiders Place Their Bets

In other MARA news, CEO Frederick Thiel sold 27,505 shares of the firm’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 sale, the chief executive officer directly owned 4,217,586 shares of the company’s stock, valued at $47,321,314.92. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $12.00, for a total value of $100,512.00. Following the completion of the transaction, the general counsel owned 898,780 shares in the company, valued at $10,785,360. The trade was 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. In the last quarter, insiders sold 106,891 shares of company stock worth $1,124,731. Corporate insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Everhart Financial Group Inc. bought a new position in shares of MARA during the third quarter worth $152,000. Moody National Bank Trust Division increased its holdings in MARA by 19.4% in the 3rd quarter. Moody National Bank Trust Division now owns 159,737 shares of the business services provider’s stock valued at $1,810,000 after acquiring an additional 25,962 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in MARA by 58.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 4,009 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,475 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in MARA in the 2nd quarter worth $161,000. Finally, WINTON GROUP Ltd bought a new position in shares of MARA during the 2nd quarter valued at about $3,545,000. 44.53% of the stock is currently owned by institutional investors.

MARA Company Profile

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.