MARA (NASDAQ:MARA) Stock Price Up 0.6% - Still a Buy?

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report)'s share price rose 0.6% on Wednesday . The stock traded as high as $16.41 and last traded at $16.14. Approximately 7,510,867 shares were traded during trading, a decline of 78% from the average daily volume of 34,023,602 shares. The stock had previously closed at $16.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MARA shares. Compass Point cut MARA from a "buy" rating to a "neutral" rating and raised their target price for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Piper Sandler initiated coverage on shares of MARA in a report on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 target price for the company. Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, MARA has an average rating of "Hold" and a consensus price target of $25.67.

MARA Stock Down 8.1 %

The company has a market capitalization of $4.98 billion, a PE ratio of 18.56 and a beta of 5.76. The company's 50 day moving average is $18.58 and its two-hundred day moving average is $18.55. 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 Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,215 shares of company stock valued at $2,540,158. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MARA. Private Advisor Group LLC lifted its holdings in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider's stock worth $3,669,000 after acquiring an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of MARA during the third quarter valued at approximately $1,557,000. Finally, Intech Investment Management LLC bought a new position in shares of MARA during the third quarter valued at approximately $1,107,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.