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 Monday, January 13th. The stock was sold at an average price of $17.00, for a total value of $17,000.00. Following the transaction, the director now directly owns 137,756 shares of the company's stock, valued at $2,341,852. The trade was a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
MARA Stock Performance
Shares of MARA stock traded up $0.15 on Thursday, hitting $18.30. The stock had a trading volume of 29,207,066 shares, compared to its average volume of 35,568,797. The company's 50 day moving average price is $21.61 and its 200 day moving average price is $19.15. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 23.16 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09.
MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm 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%. MARA's revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.09 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of MARA by 67.5% during the second quarter. Victory Capital Management Inc. now owns 57,695 shares of the business services provider's stock worth $1,145,000 after buying an additional 23,242 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in MARA during the 2nd quarter valued at approximately $310,000. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 2,340,472 shares during the period. Virtu Financial LLC grew its stake in shares of MARA by 67.5% in the 2nd quarter. Virtu Financial LLC now owns 98,329 shares of the business services provider's stock valued at $1,952,000 after purchasing an additional 39,627 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of MARA by 79.9% in the second quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider's stock valued at $1,906,000 after purchasing an additional 42,647 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MARA. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Piper Sandler began coverage on shares of MARA in a report on Tuesday, December 17th. They issued an "overweight" rating and a $34.00 price objective on the stock. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They set an "equal weight" rating and a $27.00 target price for the company. Macquarie raised their price target on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Finally, B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $25.80.
Read Our Latest Report on MARA
MARA Company Profile
(
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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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