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 stock was 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 directly owns 142,556 shares in the company, valued at $3,857,565.36. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

MARA Stock Performance

MARA traded up $1.95 on Wednesday, reaching $26.92. 87,699,203 shares of the stock were exchanged, compared to its average volume of 56,155,012. The company’s 50-day moving average price is $18.42 and its 200 day moving average price is $18.82. MARA Holdings, Inc. has a fifty-two week low of $11.55 and a fifty-two week 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. The firm has a market capitalization of $8.66 billion, a PE ratio of 32.56 and a beta of 5.52.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The business’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MARA. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a report on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Barclays assumed coverage on MARA in a research report on Monday. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average price target of $23.33.

Institutional Investors Weigh In On MARA

Several large investors have recently bought and sold shares of MARA. Private Advisor Group LLC boosted its holdings in shares of MARA by 27.7% during the 3rd 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. Mutual of America Capital Management LLC boosted its holdings 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 purchasing an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of MARA during the 3rd quarter worth approximately $640,000. Rhumbline Advisers boosted its holdings in shares of MARA by 126.5% during the 2nd quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock worth $15,615,000 after purchasing an additional 439,309 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of MARA during the 2nd quarter worth approximately $4,498,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

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.