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

MARA Holdings, Inc. (NASDAQ:MARA)’s share price fell 0.1% during mid-day trading on Monday . The stock traded as low as $16.65 and last traded at $16.90. 25,096,777 shares traded hands during 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

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and upped their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Down 0.1 %

The business’s fifty day simple moving average is $19.14 and its 200 day simple moving average is $18.60. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 21.39 and a beta of 5.76.

Insiders Place Their Bets

In related news, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 91,710 shares of company stock worth $2,081,375. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Institutional investors have recently bought and sold shares of the business. Creative Planning boosted its holdings in shares of MARA by 17.2% during the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after buying an additional 4,974 shares during the period. Vontobel Holding Ltd. raised its stake in MARA by 49.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 43,203 shares of the business services provider’s stock worth $701,000 after purchasing an additional 14,267 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in MARA in the third quarter valued at about $640,000. Foundations Investment Advisors LLC raised its stake in MARA by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 69,423 shares of the business services provider’s stock worth $1,126,000 after acquiring an additional 3,821 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.