MARA (NASDAQ:MARA) Trading Down 2.4% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA)’s stock price fell 2.4% during mid-day trading on Tuesday . The stock traded as low as $23.46 and last traded at $24.41. 34,890,156 shares were traded during trading, a decline of 35% from the average session volume of 53,723,758 shares. The stock had previously closed at $25.01.

Analysts Set New Price Targets

Several brokerages recently weighed in on MARA. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Macquarie initiated coverage on MARA in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price target on shares of MARA in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.43.

MARA Price Performance

The business has a 50 day moving average of $16.75 and a 200 day moving average of $18.48. The company has a market cap of $7.43 billion, a PE ratio of 15.65 and a beta of 5.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.75 and a quick ratio of 3.75.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares of the company’s stock, valued at $36,351,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,417 shares of company stock worth $1,500,486. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after buying an additional 441,455 shares during the period. Dimensional Fund Advisors LP boosted its stake in MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after purchasing an additional 1,327,969 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares in the last quarter. Institutional investors 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.