MARA (NASDAQ:MARA) Shares Down 0.2% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) shares traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $15.56 and last traded at $15.75. 8,194,115 shares traded hands during trading, a decline of 76% from the average session volume of 33,645,934 shares. The stock had previously closed at $15.78.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, December 4th. Piper Sandler began coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Trading Up 0.2 %

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 has a market cap of $5.37 billion, a price-to-earnings ratio of 20.01 and a beta of 5.76. The business has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $18.57.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction 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 completion of the sale, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,710 shares of company stock valued at $2,081,375 over the last quarter. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after acquiring an additional 2,706,271 shares during the period. Geode Capital Management LLC lifted its position in shares of MARA by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock worth $128,755,000 after purchasing an additional 518,503 shares during the period. American Century Companies Inc. boosted its stake in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Northern Trust Corp increased its position in shares of MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after buying an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after buying an additional 372,094 shares during the last quarter. Institutional investors 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.