MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shot up 2.1% on Thursday . The stock traded as high as $16.69 and last traded at $16.58. 11,287,659 shares traded hands during trading, a decline of 68% from the average session volume of 34,953,180 shares. The stock had previously closed at $16.24.
Wall Street Analysts Forecast Growth
MARA has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and upped their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie increased 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. B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised shares of MARA from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.67.
Get Our Latest Analysis on MARA
MARA Price Performance
The company has a market capitalization of $5.45 billion, a P/E ratio of 20.32 and a beta of 5.76. The business's 50-day moving average is $19.00 and its two-hundred day moving average 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 related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % 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 Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MARA. Truvestments Capital LLC purchased a new stake in MARA in the 3rd quarter worth about $26,000. Beacon Capital Management LLC purchased a new position in shares of MARA in the fourth quarter worth about $26,000. Larson Financial Group LLC increased 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 worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of MARA by 358.3% during the 4th 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 lifted its stake in shares of MARA by 79.3% during the 4th 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. Hedge funds and other institutional investors own 44.53% of the company's stock.
MARA Company Profile
(
Get Free Report)
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.
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