MARA Holdings, Inc. (NASDAQ:MARA) Director Sells $24,060.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $24.06, for a total transaction of $24,060.00. Following the sale, the director now directly owns 139,756 shares of the company’s stock, valued at approximately $3,362,529.36. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

MARA Price Performance

NASDAQ MARA opened at $21.07 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.75 and a current ratio of 4.00. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 26.67 and a beta of 5.52. The business has a 50 day simple moving average of $17.38 and a 200 day simple moving average of $18.58. MARA Holdings, Inc. has a 52-week low of $9.21 and a 52-week high of $34.09.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts anticipate that MARA Holdings, Inc. will post -1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of several research analyst reports. Macquarie initiated coverage on shares of MARA in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday. JPMorgan Chase & Co. cut their price target on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Cantor Fitzgerald assumed coverage on MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.57.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Private Advisor Group LLC grew its stake in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 49,062 shares in the last quarter. Everence Capital Management Inc. bought a new position in MARA in the third quarter valued at $640,000. Rhumbline Advisers increased its stake in MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after buying an additional 439,309 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in MARA during the 2nd quarter worth about $4,498,000. Finally, Public Sector Pension Investment Board acquired a new position in shares of MARA during the 2nd quarter worth about $11,920,000. 44.53% of the stock is currently owned by institutional investors.

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.