MARA (NASDAQ:MARA) Shares Up 0.6% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA) was up 0.6% on Wednesday . The company traded as high as $16.41 and last traded at $16.14. Approximately 7,510,867 shares were traded during trading, a decline of 78% from the average daily volume of 34,023,602 shares. The stock had previously closed at $16.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on MARA shares. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned 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 price target of $25.67.

MARA Trading Down 8.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. The firm’s 50 day moving average price is $18.42 and its 200 day moving average price is $18.53.

Insider Buying and Selling at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,215 shares of company stock valued at $2,540,158 in the last 90 days. Insiders own 0.80% of the company’s stock.

Institutional Trading of MARA

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of MARA in the 4th quarter valued at approximately $46,413,000. Vanguard Group Inc. raised its holdings in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after purchasing an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in MARA by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after buying an additional 1,248,292 shares during the period. American Century Companies Inc. boosted its holdings in shares of MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after buying an additional 1,240,354 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of MARA in the 4th quarter worth about $13,416,000. 44.53% of the stock is 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.