Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells $17,000.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $17.00, for a total value of $17,000.00. Following the transaction, the director now owns 137,756 shares of the company’s stock, valued at approximately $2,341,852. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MARA Price Performance

Shares of MARA opened at $19.91 on Friday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $21.63 and its 200-day simple moving average is $19.14. The firm 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 twelve month low of $13.16 and a twelve month high of $34.09.

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 analysts’ expectations of $140.26 million. During the same period last year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. Equities analysts forecast that MARA Holdings, Inc. will post -1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On MARA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new stake in shares of MARA during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC raised 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 worth $31,000 after acquiring an additional 1,062 shares in the last quarter. Signaturefd LLC lifted its position in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in MARA in the third quarter valued at $50,000. Finally, Tobam increased its position in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cantor Fitzgerald began coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Macquarie upped their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

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.