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

MARA Holdings, Inc. (NASDAQ:MARA) 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 sale, the director now owns 138,756 shares in the company, valued at approximately $3,302,392.80. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MARA Stock Performance

Shares of MARA stock opened at $21.61 on Thursday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $21.09 and a two-hundred day moving average of $19.32. The company has a market cap of $6.95 billion, a P/E ratio of 27.35 and a beta of 5.63. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09.

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

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently bought and sold shares of MARA. Franklin Resources Inc. lifted its stake in shares of MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after acquiring an additional 12,157 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in MARA by 4.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock worth $1,292,000 after purchasing an additional 3,200 shares during the period. Geode Capital Management LLC boosted its stake in MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. M&T Bank Corp increased its position in shares of MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 2,418 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of MARA in the third quarter valued at $1,072,000. Institutional investors own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the subject of a number of recent analyst reports. Piper Sandler assumed coverage on MARA in a research report on Tuesday. They issued an “overweight” rating and a $34.00 price objective for the company. 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 objective for the company. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.50.

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.