MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp Sells 11,200 Shares

MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the transaction, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MARA Trading Up 7.8 %

MARA stock traded up $1.95 during midday trading on Wednesday, hitting $26.92. The stock had a trading volume of 87,699,203 shares, compared to its average volume of 56,155,012. The firm has a market cap of $8.66 billion, a PE ratio of 32.56 and a beta of 5.52. 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 12-month low of $11.55 and a 12-month high of $34.09. The company’s 50-day moving average price is $18.42 and its 200 day moving average price is $18.82.

MARA (NASDAQ:MARA) last announced its quarterly 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). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

MARA has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Barclays initiated coverage on MARA in a report on Monday. They issued an “equal weight” rating and a $27.00 target price on the stock. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.33.

Hedge Funds Weigh In On MARA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in MARA by 261.1% during 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 buying an additional 2,340,472 shares during the period. Bank of New York Mellon Corp increased its stake in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the period. Principal Financial Group Inc. increased its position in shares of MARA by 4,394.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock worth $26,892,000 after purchasing an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of MARA in the 2nd quarter worth about $11,920,000. Finally, Rhumbline Advisers increased its position in shares of MARA by 126.5% in the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after purchasing an additional 439,309 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

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.