MARA (NASDAQ:MARA) Stock Price Down 0.2% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares fell 0.2% during trading on Friday . The company traded as low as $16.92 and last traded at $16.88. 10,507,526 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 34,660,551 shares. The stock had previously closed at $16.91.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MARA. Piper Sandler began coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. Barclays began coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 0.1 %

The business has a 50-day simple moving average of $19.14 and a two-hundred day simple moving average of $18.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.39 and a beta of 5.76.

Insiders Place Their Bets

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,915 shares of company stock valued at $2,956,634. 0.80% of the stock is owned by company insiders.

Institutional Trading of MARA

Institutional investors have recently modified their holdings of the business. Beacon Capital Management LLC purchased a new stake in shares of MARA in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter valued at approximately $26,000. Sterling Capital Management LLC boosted its stake in shares of MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

About MARA

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.