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 business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MARA Trading Down 5.7 %

Shares of MARA stock opened at $20.37 on Friday. The stock has a market cap of $6.56 billion, a PE ratio of 25.78 and a beta of 5.63. The firm has a fifty day moving average price of $21.32 and a 200 day moving average price of $19.35. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. 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 (NASDAQ:MARA) last issued 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). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. Equities research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MARA. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Barclays started coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned 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 $25.80.

Institutional Investors Weigh In On MARA

Several hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new position in shares of MARA in the 3rd quarter valued at $26,000. Larson Financial Group LLC raised its position in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC boosted its stake in shares of MARA by 74.8% during the 3rd 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MARA during the 3rd quarter valued at about $50,000. Finally, Tobam increased its stake in shares of MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 4,880 shares in the last quarter. 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.