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

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) Director Douglas K. Mellinger sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $23.80, for a total transaction of $23,800.00. Following the completion of the transaction, the director now directly owns 138,756 shares in the company, valued at approximately $3,302,392.80. The trade was a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MARA Stock Performance

MARA stock traded up $1.83 during mid-day trading on Monday, hitting $24.56. The company had a trading volume of 64,805,196 shares, compared to its average volume of 56,845,113. 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 12-month low of $13.16 and a 12-month high of $34.09. The company's fifty day moving average is $20.92 and its 200-day moving average is $19.29. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 31.09 and a beta of 5.63.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company's revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. Equities research analysts predict that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MARA. Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. JPMorgan Chase & Co. raised shares of MARA from an "underweight" rating to a "neutral" rating and increased their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They set an "overweight" rating and a $21.00 price target for the company. Finally, Compass Point lowered shares of MARA from a "buy" rating to a "neutral" rating and increased their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. 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 company's stock. Based on data from MarketBeat.com, MARA has an average rating of "Hold" and a consensus price target of $24.56.

Institutional Investors Weigh In On MARA

Several institutional investors have recently added to or reduced their stakes in MARA. Geode Capital Management LLC raised its position in MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock worth $116,115,000 after acquiring an additional 378,542 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider's stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock worth $43,086,000 after buying an additional 217,106 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in MARA by 186.6% in 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 last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock worth $22,577,000 after purchasing an additional 37,150 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

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.

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