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 the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

MARA Trading Down 1.8 %

NASDAQ MARA opened at $19.56 on Wednesday. The firm has a market capitalization of $6.29 billion, a PE ratio of 24.76 and a beta of 5.76. The stock’s 50 day moving average is $21.41 and its 200 day moving average is $19.09. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released 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 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 analysts’ expectations of $140.26 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. Research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MARA shares. B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Cantor Fitzgerald assumed coverage on shares of MARA in a research report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus target price of $25.67.

Institutional Trading of MARA

Several hedge funds and other institutional investors have recently made changes to their positions in MARA. Truvestments Capital LLC bought a new stake in MARA in the third quarter worth $26,000. Larson Financial Group LLC boosted its stake in MARA by 124.2% in 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 in the last quarter. Signaturefd LLC grew its position in MARA by 74.8% during 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in MARA during the 3rd quarter valued at about $50,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of MARA by 116.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider’s stock worth $122,000 after buying an additional 3,915 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.