MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel Sells 27,505 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated 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 transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MARA Stock Down 12.2 %

Shares of MARA stock opened at $21.61 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The firm has a market capitalization of $6.95 billion, a PE ratio of 27.35 and a beta of 5.63. The stock’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $19.34.

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

Analyst Upgrades and Downgrades

MARA has been the subject of several recent analyst reports. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and raised their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Cantor Fitzgerald started coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Finally, Piper Sandler initiated coverage on MARA in a research note on Tuesday. They set an “overweight” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.50.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in MARA in the third quarter valued at $26,000. Larson Financial Group LLC lifted its holdings 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 buying an additional 1,062 shares during the period. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 1,273 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of MARA in the third quarter worth about $50,000. Finally, Tobam grew its holdings in 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 acquiring an additional 4,880 shares during the period. Institutional investors and hedge funds 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.