MARA (NASDAQ:MARA) Stock Price Down 0.2% - Should You Sell?

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

Wall Street Analysts Forecast Growth

MARA has been the topic of several recent analyst reports. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Compass Point cut shares of MARA from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Barclays started 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $25.67.

MARA Price Performance

The company has a market cap of $5.74 billion, a PE ratio of 21.39 and a beta of 5.76. The business's 50 day moving average price is $19.00 and its 200-day moving average price is $18.59. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares of the company's stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,710 shares of company stock valued at $2,081,375 in the last quarter. Company insiders own 0.80% of the company's stock.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently made changes to their positions in MARA. Beacon Capital Management LLC bought a new position in MARA during the 4th quarter valued at $26,000. Truvestments Capital LLC acquired a new stake in shares of MARA in the 3rd quarter valued at about $26,000. Sterling Capital Management LLC lifted its position in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares during the last quarter. Larson Financial Group LLC grew its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its holdings in 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 during the last quarter. Institutional investors own 44.53% of the company's stock.

MARA Company Profile

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.