MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the sale, the director now directly owns 176,859 shares in the company, valued at approximately $2,829,744. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
MARA Stock Up 2.6%
Shares of MARA traded up $0.42 during mid-day trading on Tuesday, hitting $16.37. The company's stock had a trading volume of 48,298,645 shares, compared to its average volume of 45,084,916. 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 has a market capitalization of $5.76 billion, a price-to-earnings ratio of 20.72 and a beta of 6.82. The company's 50-day moving average is $13.12 and its 200-day moving average is $17.22. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28.
MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same period in the previous year, the company earned $1.26 EPS. The company's revenue was up 29.5% on a year-over-year basis. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Hedge Funds Weigh In On MARA
Several institutional investors and hedge funds have recently modified their holdings of the stock. Beacon Capital Management LLC acquired a new position in MARA during the fourth quarter worth $26,000. Park Square Financial Group LLC purchased a new stake in shares of MARA in the 4th quarter valued at $27,000. Sterling Capital Management LLC grew its stake in shares of MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after buying an additional 860 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.
Analyst Upgrades and Downgrades
MARA has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Compass Point reissued a "sell" rating and set a $9.50 price target (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.72.
View Our Latest Stock Analysis on MARA
MARA Company Profile
(
Get Free Report)
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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