MARA (NASDAQ:MARA) Trading Down 0.2% Following Insider Selling

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

Specifically, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of research firms recently weighed in on MARA. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. 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. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Trading Down 8.1 %

The company has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76. The business has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $18.53. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Truvestments Capital LLC purchased a new stake in MARA during the 3rd quarter worth about $26,000. Beacon Capital Management LLC purchased a new stake in MARA during the 4th quarter worth about $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. Sterling Capital Management LLC increased its position in MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its position in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other 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.