MARA (NASDAQ:MARA) Shares Down 0.2% After Insider Selling

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price dropped 0.2% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $15.56 and last traded at $15.75. Approximately 8,194,115 shares traded hands during trading, a decline of 76% from the average daily 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 firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analyst Ratings Changes

MARA has been the topic of several research analyst reports. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler started coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Finally, Barclays assumed coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Down 8.1 %

The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $18.53. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MARA. Truvestments Capital LLC bought a new stake in shares of MARA in the third quarter valued at $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA in the fourth quarter valued at $26,000. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the period. Sterling Capital Management LLC raised its stake in shares of MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the period. 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.