MARA (NASDAQ:MARA) Stock Price Down 2% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares dropped 2% on Tuesday . The stock traded as low as $16.31 and last traded at $16.57. Approximately 8,955,590 shares changed hands during trading, a decline of 74% from the average daily volume of 34,343,180 shares. The stock had previously closed at $16.90.

Wall Street Analysts Forecast Growth

MARA has been the subject of several research reports. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target for the company. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie increased their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MARA has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Down 5.0 %

The firm has a fifty day simple moving average of $19.00 and a 200-day simple moving average of $18.59. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 20.32 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

Insider Buying and Selling at MARA

In other news, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction 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 sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,710 shares of company stock valued at $2,081,375 in the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MARA

Hedge funds and other institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC acquired a new stake in shares of MARA during the fourth quarter worth $26,000. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth $26,000. Sterling Capital Management LLC lifted its holdings in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after buying an additional 1,426 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of MARA by 79.3% during 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 in the last quarter. 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.