MARA Holdings, Inc. (NASDAQ:MARA) Director Sells $23,800.00 in Stock

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

MARA Price Performance

MARA traded up $1.83 during trading on Monday, hitting $24.56. 64,805,196 shares of the stock traded hands, compared to its average volume of 56,845,113. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 31.09 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business has a 50 day moving average price of $20.92 and a 200 day moving average price of $19.29.

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). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the company posted ($0.05) EPS. The business’s revenue was up 34.4% compared to the same quarter last year. Equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on MARA. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Finally, HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MARA by 8.9% during the third 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 increased its holdings in shares of 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 purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. bought a new stake in MARA during the third quarter valued at about $640,000. Finally, Intech Investment Management LLC purchased a new position in shares of MARA in the third quarter valued at about $1,107,000. 44.53% of the stock is currently 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.