Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells 11,200 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MARA Trading Up 7.8 %

Shares of NASDAQ:MARA opened at $26.92 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 34.08 and a beta of 5.52. MARA Holdings, Inc. has a 1-year low of $11.55 and a 1-year high of $34.09. The company has a 50 day moving average price of $18.42 and a 200 day moving average price of $18.82.

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

Institutional Investors Weigh In On MARA

Hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter valued at $26,000. Larson Financial Group LLC grew its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC increased its holdings in shares of MARA by 74.8% in the 3rd 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 during the period. Capital Performance Advisors LLP purchased a new stake in shares of MARA in the third quarter worth approximately $50,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of MARA during the first quarter worth approximately $105,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MARA shares. JPMorgan Chase & Co. cut their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Wednesday, November 13th. 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. Finally, Barclays assumed coverage on shares of MARA in a report on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus price target of $23.33.

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.