Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) Director Sells $48,000.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 3,000 shares of MARA stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $16.00, for a total transaction of $48,000.00. Following the transaction, the director now directly owns 176,859 shares of the company’s stock, valued at approximately $2,829,744. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MARA Trading Down 1.2%

Shares of NASDAQ:MARA opened at $15.68 on Friday. The company has a market cap of $5.52 billion, a P/E ratio of 19.85 and a beta of 6.82. 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 $9.81 and a 1 year high of $30.28. The stock’s fifty day moving average price is $13.16 and its 200-day moving average price is $17.19.

MARA (NASDAQ:MARA) last announced its quarterly 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 negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. Sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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 research report on Thursday, March 13th. Compass Point reissued a “sell” rating and set a $9.50 price target (down from $25.00) on shares of MARA in a research report on Tuesday, May 6th. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One 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’s stock. According to data from MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus price target of $20.72.

Institutional Trading of MARA

A number of large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of MARA in the fourth quarter worth $46,413,000. Vanguard Group Inc. increased its position in MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after acquiring an additional 2,706,271 shares during the last quarter. American Century Companies Inc. increased its position in MARA by 55.7% during the first 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 last quarter. Westfield Capital Management Co. LP purchased a new stake in MARA during the first quarter valued at $14,810,000. Finally, Price T Rowe Associates Inc. MD increased its position in MARA by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider’s stock valued at $31,817,000 after acquiring an additional 1,248,292 shares during the last quarter. 44.53% of the stock is currently owned by 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.