Shares of MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) traded down 1.4% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $15.55 and last traded at $15.72. 11,635,031 shares traded hands during trading, a decline of 65% from the average session volume of 33,351,480 shares. The stock had previously closed at $15.95.
Specifically, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and raised their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They set an "overweight" rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.67.
Get Our Latest Stock Analysis on MARA
MARA Stock Performance
The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $18.42 and a two-hundred day simple moving average of $18.53. The stock has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 518,503 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 buying an additional 1,240,354 shares during the last quarter. Northern Trust Corp lifted its position in shares of 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 buying an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 372,094 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.
MARA Company Profile
(
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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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