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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) Director Douglas K. Mellinger sold 1,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $24.06, for a total transaction of $24,060.00. Following the sale, the director now owns 139,756 shares of the company's stock, valued at $3,362,529.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

MARA Stock Performance

NASDAQ MARA traded down $3.53 during trading on Wednesday, hitting $21.70. 94,293,445 shares of the company's stock traded hands, compared to its average volume of 54,160,180. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.75 and a current ratio of 3.75. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 30.23 and a beta of 5.52. MARA Holdings, Inc. has a 12-month low of $8.88 and a 12-month high of $34.09. The business has a 50 day moving average of $16.95 and a 200-day moving average of $18.52.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of MARA in a research report on Thursday, October 10th. They issued an "overweight" rating and a $21.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of MARA from $14.00 to $12.00 and set an "underweight" rating for the company in a report on Friday, August 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Wednesday. Macquarie started coverage on MARA in a report on Tuesday, September 24th. They set an "outperform" rating and a $22.00 price target on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.57.

Institutional Trading of MARA

A number of institutional investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new position in MARA in the 3rd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider's stock worth $29,000 after acquiring an additional 695 shares during the period. Larson Financial Group LLC grew its position in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC grew its position in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of MARA during the 3rd quarter valued at $50,000. 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.

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