MARA Holdings, Inc. (NASDAQ:MARA) Director Sells $16,000.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) Director Douglas K. Mellinger sold 1,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $16.00, for a total transaction of $16,000.00. Following the completion of the transaction, the director now owns 175,859 shares in the company, valued at approximately $2,813,744. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MARA Stock Down 0.8%

Shares of MARA stock traded down $0.14 during trading on Wednesday, reaching $16.35. The company's stock had a trading volume of 40,603,735 shares, compared to its average volume of 45,099,261. The company has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $16.57. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 20.70 and a beta of 6.61. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The business had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Barclays increased their price objective on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. HC Wainwright reissued a "buy" rating and issued a $28.00 price target on shares of MARA in a report on Thursday, April 24th. Piper Sandler dropped their price target on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, MARA presently has an average rating of "Hold" and a consensus price target of $20.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in MARA by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider's stock worth $457,832,000 after acquiring an additional 1,028,512 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after acquiring an additional 518,503 shares in the last quarter. American Century Companies Inc. grew its position in shares of MARA by 55.7% during the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider's stock valued at $72,334,000 after acquiring an additional 2,250,082 shares during the period. Northern Trust Corp increased its stake in shares of MARA by 7.2% in the 1st quarter. Northern Trust Corp now owns 3,529,782 shares of the business services provider's stock valued at $40,592,000 after purchasing an additional 236,251 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in MARA by 9.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,322,618 shares of the business services provider's stock worth $38,210,000 after purchasing an additional 294,161 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

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.