MARA Holdings, Inc. (NASDAQ:MARA) Director Sells 1,000 Shares

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of MARA stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $23.80, for a total transaction of $23,800.00. Following the completion of the sale, the director now directly owns 138,756 shares of the company’s stock, valued at approximately $3,302,392.80. The trade was a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

MARA Trading Up 0.2 %

NASDAQ MARA opened at $24.60 on Wednesday. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 31.14 and a beta of 5.63. The business’s fifty day moving average is $20.92 and its 200-day moving average is $19.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 34.4% compared to the same quarter last year. Equities research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Analysts Set New Price Targets

MARA has been the subject of several recent research reports. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.50.

Institutional Trading of MARA

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock valued at $537,000 after buying an additional 12,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in MARA by 4.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock valued at $1,292,000 after purchasing an additional 3,200 shares during the last quarter. Geode Capital Management LLC boosted its position in MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the period. M&T Bank Corp increased its stake in shares of MARA by 14.1% in the third quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock worth $317,000 after purchasing an additional 2,418 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of MARA in the third quarter valued at approximately $1,072,000. 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.