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

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 137,756 shares in the company, valued at approximately $2,341,852. The trade was a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

MARA Stock Up 4.6 %

Shares of NASDAQ:MARA opened at $18.15 on Thursday. The company has a market capitalization of $5.84 billion, a PE ratio of 22.97 and a beta of 5.76. The business has a fifty day moving average price of $21.63 and a two-hundred day moving average price of $19.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $140.26 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 34.4% compared to the same quarter last year. Analysts forecast that MARA Holdings, Inc. will post -1.09 earnings per share for the current year.

Hedge Funds Weigh In On MARA

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the period. Dimensional Fund Advisors LP raised its stake in MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after acquiring an additional 2,340,472 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in MARA by 8.9% during the third 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 purchasing an additional 217,106 shares during the last quarter. Principal Financial Group Inc. boosted its position in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the period. Finally, Millennium Management LLC increased its stake in shares of MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after purchasing an additional 149,805 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MARA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Barclays began coverage on shares of MARA in a report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research 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 note on Tuesday, December 10th. Finally, Compass Point lowered MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.80.

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.