MARA (NASDAQ:MARA) Stock Price Down 1.4% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price was down 1.4% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $15.55 and last traded at $15.72. Approximately 11,635,031 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 33,351,480 shares. The stock had previously closed at $15.95.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on MARA shares. HC Wainwright reiterated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.67.

MARA Stock Performance

The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $18.53. 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 $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76.

Hedge Funds Weigh In On MARA

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after acquiring an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after buying an additional 107,963 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of MARA in the 3rd quarter worth approximately $1,557,000. Finally, Intech Investment Management LLC acquired a new position in shares of MARA in the 3rd quarter worth approximately $1,107,000. 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.