Douglas K. Mellinger Sells 1,000 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA) Director Douglas K. Mellinger sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $24.06, for a total transaction of $24,060.00. Following the completion of the transaction, the director now owns 139,756 shares in the company, valued at approximately $3,362,529.36. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

MARA Price Performance

Shares of MARA opened at $20.79 on Friday. The stock’s 50-day moving average price is $17.23 and its two-hundred day moving average price is $18.56. The company has a current ratio of 4.00, a quick ratio of 3.75 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.69 billion, a P/E ratio of 26.32 and a beta of 5.52. MARA Holdings, Inc. has a 1 year low of $9.16 and a 1 year high of $34.09.

Analyst Upgrades and Downgrades

MARA has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday. Macquarie started coverage on shares of MARA in a research report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target on the stock. Cantor Fitzgerald started coverage on shares of MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.57.

Hedge Funds Weigh In On MARA

Several institutional investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in MARA during the 3rd quarter worth approximately $26,000. Beaird Harris Wealth Management LLC increased its position in shares of MARA by 121.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after acquiring an additional 695 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC lifted its stake in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in MARA during the third quarter worth $50,000. 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.