MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $646,367.50 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MARA Trading Down 2.0 %

Shares of MARA opened at $19.96 on Friday. The stock’s fifty day simple moving average is $21.40 and its 200 day simple moving average is $19.35. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.42 billion, a P/E ratio of 25.27 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Analysts Set New Price Targets

MARA has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Barclays started 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 for the company. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler initiated coverage on MARA in a report on Tuesday. They issued an “overweight” rating and a $34.00 price target for the company. Finally, Macquarie lifted their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter worth $26,000. Larson Financial Group LLC boosted its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC increased its holdings 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 purchasing an additional 1,273 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in MARA in the third quarter valued at about $50,000. Finally, Tobam lifted its stake in shares of MARA by 173.0% during the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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.