MARA (NASDAQ:MARA) Trading Down 5.4% - What's Next?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) shares dropped 5.4% on Thursday . The stock traded as low as $20.51 and last traded at $20.53. Approximately 21,257,213 shares were traded during trading, a decline of 61% from the average daily volume of 54,015,820 shares. The stock had previously closed at $21.70.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Macquarie initiated coverage on MARA in a report on Tuesday, September 24th. They issued an "outperform" rating and a $22.00 target price for the company. JPMorgan Chase & Co. cut their price objective on shares of MARA from $14.00 to $12.00 and set an "underweight" rating on the stock in a report on Friday, August 23rd. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Wednesday. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MARA presently has a consensus rating of "Hold" and an average target price of $21.57.

MARA Trading Down 4.4 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75. The business has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $18.54. The firm has a market cap of $6.11 billion, a PE ratio of 25.99 and a beta of 5.52.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at $67,169,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now directly owns 4,250,804 shares of the company's stock, valued at $74,389,070. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,417 shares of company stock valued at $1,524,546 over the last quarter. Insiders own 0.97% of the company's stock.

Institutional Trading of MARA

A number of institutional investors and hedge funds have recently bought and sold shares of MARA. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth about $26,000. Beaird Harris Wealth Management LLC lifted its position in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after purchasing an additional 695 shares in the last quarter. Larson Financial Group LLC boosted 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 valued at $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC grew its holdings in MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in MARA during the 3rd quarter worth $50,000. 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.

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