MARA (NASDAQ:MARA) Trading Down 1% - Should You Sell?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price fell 1% during mid-day trading on Wednesday . The stock traded as low as $15.68 and last traded at $15.86. 8,903,977 shares were traded during trading, a decline of 75% from the average session volume of 35,286,922 shares. The stock had previously closed at $16.02.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MARA. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Wednesday, November 13th. Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. B. Riley lifted 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. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.67.

MARA Trading Down 0.1 %

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 company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.39 and a beta of 5.76. The business's 50 day simple moving average is $19.00 and its 200 day simple moving average is $18.59.

Insider Buying and Selling at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's 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 transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,710 shares of company stock worth $2,081,375. 0.80% of the stock is owned by company insiders.

Institutional Trading of MARA

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning lifted its holdings in shares of MARA by 17.2% in the third quarter. Creative Planning now owns 33,864 shares of the business services provider's stock valued at $549,000 after purchasing an additional 4,974 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of MARA by 49.3% during the third quarter. Vontobel Holding Ltd. now owns 43,203 shares of the business services provider's stock valued at $701,000 after buying an additional 14,267 shares during the period. Everence Capital Management Inc. purchased a new position in shares of MARA during the third quarter valued at approximately $640,000. Foundations Investment Advisors LLC lifted its stake in shares of MARA by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 69,423 shares of the business services provider's stock valued at $1,126,000 after buying an additional 3,821 shares during the period. Finally, Signaturefd LLC increased its position in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock worth $48,000 after purchasing an additional 1,273 shares during the last quarter. Hedge funds and other 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.