Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells 11,200 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MARA Stock Up 7.8 %

Shares of NASDAQ MARA opened at $26.92 on Friday. The business has a 50-day moving average of $18.65 and a two-hundred day moving average of $18.88. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 34.08 and a beta of 5.52. MARA Holdings, Inc. has a 1 year low of $11.55 and a 1 year high of $34.09. 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 (NASDAQ:MARA) last posted its earnings results 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). The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in 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 acquiring an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 217,106 shares during the period. Bank of New York Mellon Corp grew its stake in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the last quarter. Finally, Principal Financial Group Inc. increased 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 buying an additional 37,150 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

MARA has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Barclays assumed coverage on MARA in a research note on Monday. They issued an “equal weight” rating and a $27.00 price objective on the stock. Finally, Compass Point cut MARA from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Two 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. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and a consensus price target of $23.33.

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.