Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded down 0.1% on Monday . The company traded as low as $16.65 and last traded at $16.90. 25,096,777 shares were traded during mid-day trading, a decline of 29% from the average session volume of 35,322,888 shares. The stock had previously closed at $16.91.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie lifted their price objective 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. Compass Point lowered shares of MARA from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. B. Riley lifted their price objective 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, MARA currently has an average rating of "Hold" and a consensus target price of $25.67.
Read Our Latest Report on MARA
MARA Stock Performance
The firm has a market capitalization of $5.41 billion, a P/E ratio of 20.19 and a beta of 5.76. The firm has a 50-day moving average price of $18.58 and a two-hundred day moving average price of $18.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.
Insider Activity at MARA
In related news, CEO Frederick G. Thiel sold 27,505 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 value of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the sale, the director now owns 135,756 shares of the company's stock, valued at $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. Insiders sold 119,215 shares of company stock worth $2,540,158 over the last three months. 0.80% of the stock is owned by corporate insiders.
Institutional Trading of MARA
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC grew its stake in MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock valued at $128,755,000 after purchasing an additional 518,503 shares during the last quarter. American Century Companies Inc. grew its stake in MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Northern Trust Corp grew its stake in MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock valued at $55,233,000 after purchasing an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after purchasing an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.
About MARA
(
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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