MARA (NASDAQ:MARA) Trading Down 0.2% - Here's Why

Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) were down 0.2% on Thursday . The stock traded as low as $15.56 and last traded at $15.75. Approximately 8,194,115 shares were traded during trading, a decline of 76% from the average daily volume of 33,645,934 shares. The stock had previously closed at $15.78.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MARA shares. Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Compass Point downgraded MARA from a "buy" rating to a "neutral" rating and lifted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised MARA from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, MARA has an average rating of "Hold" and an average target price of $25.67.

MARA Trading Down 8.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business has a 50-day moving average of $18.42 and a 200-day moving average of $18.53. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares of the company's stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,215 shares of company stock valued at $2,540,158. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On MARA

Institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC acquired a new position in MARA during the fourth quarter worth approximately $26,000. Truvestments Capital LLC bought a new stake in shares of MARA during the third quarter worth approximately $26,000. Sterling Capital Management LLC boosted its holdings 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 acquiring an additional 1,426 shares during the period. Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,062 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of MARA by 79.3% during 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 acquiring an additional 860 shares during the period. Institutional investors and hedge funds 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.