MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp Sells 6,800 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Jay P. Leupp sold 6,800 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MARA Trading Down 2.0 %

Shares of MARA stock opened at $25.13 on Wednesday. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 31.81 and a beta of 5.63. The firm has a 50-day moving average price of $19.48 and a 200 day moving average price of $19.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the previous year, the company posted ($0.05) EPS. The business’s quarterly revenue was up 34.4% on a year-over-year basis. Research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new stake in MARA in the third quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the last quarter. Signaturefd LLC increased its stake in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MARA in the 3rd quarter valued at about $50,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in MARA during the 1st quarter worth approximately $105,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

MARA has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Barclays began coverage on shares of MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.33.

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.