MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger Sells 1,000 Shares

MARA Holdings, Inc. (NASDAQ:MARAGet Free Report) Director Douglas K. Mellinger sold 1,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $17.00, for a total transaction of $17,000.00. Following the completion of the sale, the director now owns 137,756 shares of the company’s stock, valued at approximately $2,341,852. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

MARA Trading Up 8.8 %

NASDAQ:MARA opened at $19.91 on Friday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 25.20 and a beta of 5.76. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The stock has a fifty day moving average price of $21.63 and a two-hundred day moving average price of $19.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARAGet Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the business earned ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MARA

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MARA by 8.9% during 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. Mutual of America Capital Management LLC raised its stake in shares of MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after buying an additional 107,963 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of MARA in the 3rd quarter worth about $640,000. Finally, Weiss Asset Management LP acquired a new stake in MARA in the 3rd quarter valued at about $1,557,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented 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. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald began coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.67.

Get Our Latest Analysis on MARA

About MARA

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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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