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

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $17.00, for a total value of $17,000.00. Following the sale, the director now directly owns 137,756 shares in the company, valued at $2,341,852. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

MARA Trading Up 4.6 %

Shares of MARA stock opened at $18.15 on Thursday. The business has a 50-day moving average price of $21.63 and a two-hundred day moving average price of $19.16. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. 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 has a market cap of $5.84 billion, a P/E ratio of 22.97 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings results 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 business had revenue of $131.60 million for the quarter, compared to the consensus estimate 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 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. Equities analysts anticipate that MARA Holdings, Inc. will post -1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley increased their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Piper Sandler started coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.80.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in shares of MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in MARA by 112.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares during the last quarter. Everence Capital Management Inc. bought a new stake in MARA in the 3rd quarter worth $640,000. Finally, Weiss Asset Management LP purchased a new position in shares of MARA in the third quarter valued at about $1,557,000. 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.