MARA (NASDAQ:MARA) Trading Down 5% – Here’s What Happened

MARA Holdings, Inc. (NASDAQ:MARA) shares dropped 5% during mid-day trading on Monday . The company traded as low as $13.68 and last traded at $13.93. Approximately 15,123,814 shares were traded during trading, a decline of 55% from the average daily volume of 33,514,801 shares. The stock had previously closed at $14.66.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Piper Sandler initiated coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Finally, Macquarie increased their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Trading Down 4.8 %

The firm’s 50 day simple moving average is $18.42 and its two-hundred day simple moving average is $18.56. The stock has a market capitalization of $4.73 billion, a P/E ratio of 17.58 and a beta of 5.76. 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

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 approximately $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The sale 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 Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,015 shares of company stock worth $2,237,086 in the last three months. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On MARA

Several large investors have recently added to or reduced their stakes in MARA. Truvestments Capital LLC bought a new stake in MARA during the 3rd quarter worth approximately $26,000. Beacon Capital Management LLC purchased a new stake in MARA in the 4th quarter valued at $26,000. Larson Financial Group LLC lifted its stake 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 valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Sterling Capital Management LLC lifted its stake 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 valued at $31,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of MARA by 79.3% in 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 acquiring an additional 860 shares in the last quarter. Institutional investors 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.