MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $495,365.05 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

MARA Trading Up 0.7 %

Shares of MARA stock opened at $19.69 on Thursday. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The business’s fifty day moving average is $21.37 and its 200 day moving average is $19.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $6.34 billion, a PE ratio of 24.92 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Trading of MARA

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Public Sector Pension Investment Board bought a new position in shares of MARA during the 2nd quarter valued at $11,920,000. Geode Capital Management LLC grew its holdings in shares of MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in MARA in the 2nd quarter worth $4,498,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.67.

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.