MARA (NASDAQ:MARA) Stock Price Down 0.2% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 0.2% during trading on Friday . The company traded as low as $16.92 and last traded at $16.88. 10,507,526 shares were traded during trading, a decline of 70% from the average session volume of 34,660,551 shares. The stock had previously closed at $16.91.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. B. Riley upped 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 MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MARA currently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.39 and a beta of 5.76. The company has a 50 day moving average of $19.14 and a 200 day moving average of $18.61. 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 MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the sale, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,915 shares of company stock worth $2,956,634. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in MARA by 27.7% during the third 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. increased its stake in MARA by 8.9% during 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 acquiring an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in MARA by 112.4% during 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 acquiring an additional 107,963 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of MARA in the third quarter worth about $640,000. Finally, Weiss Asset Management LP purchased a new stake in shares of MARA in the third quarter worth about $1,557,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

About MARA

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.