MARA (NASDAQ:MARA) Shares Down 11.4% – What’s Next?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) traded down 11.4% on Tuesday . The company traded as low as $12.20 and last traded at $12.31. 23,885,429 shares traded hands during trading, a decline of 29% from the average session volume of 33,872,188 shares. The stock had previously closed at $13.89.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of 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. Macquarie raised their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Barclays started coverage on MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. One investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.67.

MARA Trading Down 10.1 %

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 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $18.54. The firm has a market capitalization of $4.24 billion, a P/E ratio of 15.76 and a beta of 5.76.

Insider Buying and Selling

In other news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,015 shares of company stock valued at $2,237,086 over the last three months. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MARA

Large investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new position in shares of MARA in the 4th quarter worth approximately $26,000. Truvestments Capital LLC acquired a new stake in MARA in the third quarter valued at approximately $26,000. Sterling Capital Management LLC grew its holdings in MARA by 358.3% in the fourth 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 during the last quarter. Larson Financial Group LLC increased its position in shares of MARA by 124.2% during the third 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. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of 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 valued at $33,000 after purchasing an additional 860 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

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.