MARA (NASDAQ:MARA) Stock Price Up 1.9% – What’s Next?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price rose 1.9% during trading on Wednesday . The company traded as high as $12.87 and last traded at $12.66. Approximately 12,041,798 shares were traded during trading, a decline of 65% from the average daily volume of 34,062,797 shares. The stock had previously closed at $12.42.

Analyst Ratings Changes

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

MARA Trading Down 0.4 %

The company has a market cap of $4.20 billion, a P/E ratio of 15.65 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. The firm’s 50-day moving average price is $17.96 and its 200-day moving average price is $18.50.

Insider Transactions at MARA

In other news, Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 108,015 shares of company stock worth $2,237,086. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MARA

A number of institutional investors have recently added to or reduced their stakes in MARA. Creative Planning grew its stake in shares of MARA by 17.2% during the third quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock valued at $549,000 after buying an additional 4,974 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of MARA by 1,522.0% during the third quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 18,355 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in MARA by 50.4% in the third quarter. Assenagon Asset Management S.A. now owns 143,188 shares of the business services provider’s stock valued at $2,323,000 after buying an additional 47,965 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in MARA by 3.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 142,400 shares of the business services provider’s stock worth $2,310,000 after purchasing an additional 5,100 shares during the period. 44.53% of the stock is owned by hedge funds and other 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.