MARA (NASDAQ:MARA) Trading Down 0.1% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 0.1% during mid-day trading on Monday . The company traded as low as $16.65 and last traded at $16.90. 25,096,777 shares traded hands during trading, a decline of 29% from the average session volume of 35,322,888 shares. The stock had previously closed at $16.91.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MARA. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Barclays started coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Stock Down 0.1 %

The firm has a market capitalization of $5.74 billion, a PE ratio of 21.39 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $19.14 and a two-hundred day moving average of $18.60.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,710 shares of company stock valued at $2,081,375. Company insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth $26,000. Beacon Capital Management LLC purchased a new position in MARA in the 4th quarter worth about $26,000. Larson Financial Group LLC raised its holdings in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Sterling Capital Management LLC lifted its stake in MARA by 358.3% during 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. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its holdings 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 worth $33,000 after buying an additional 860 shares during the period. Institutional investors own 44.53% of the company’s stock.

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.