MARA (NASDAQ:MARA) Stock Price Down 0.1% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 0.1% during trading 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.

Analysts Set New Price Targets

MARA has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler began coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Macquarie increased 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. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm’s fifty day simple moving average is $19.00 and its 200 day simple moving average is $18.59. The firm has a market cap of $5.36 billion, a P/E ratio of 19.97 and a beta of 5.76.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,710 shares of company stock worth $2,081,375 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MARA. Spire Wealth Management raised its position in MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares during the period. United Services Automobile Association increased its position in shares of MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 635 shares during the last quarter. Financial Advocates Investment Management raised its holdings in MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after buying an additional 700 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in MARA by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after buying an additional 992 shares during the period. Institutional investors 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.