Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells 6,800 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp sold 6,800 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MARA Stock Performance

NASDAQ MARA traded down $0.50 on Tuesday, hitting $25.13. The stock had a trading volume of 60,569,061 shares, compared to its average volume of 56,617,441. The company’s 50-day moving average is $19.31 and its two-hundred day moving average is $19.05. MARA Holdings, Inc. has a one year low of $13.16 and a one year high of $34.09. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 31.81 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the firm posted ($0.05) EPS. The company’s revenue was up 34.4% compared to the same quarter last year. On average, analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on MARA shares. Cantor Fitzgerald initiated 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. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MARA presently has a consensus rating of “Hold” and an average target price of $23.33.

Institutional Trading of MARA

A number of institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its holdings in MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after acquiring an additional 49,062 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after acquiring an additional 107,963 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Everence Capital Management Inc. acquired a new position in MARA in the 3rd quarter worth approximately $640,000. Finally, Rhumbline Advisers raised its position in MARA by 126.5% during the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after buying an additional 439,309 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

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.