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 firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, 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 SEC, which can be accessed through this link.

MARA Price Performance

Shares of NASDAQ:MARA traded down $2.99 on Wednesday, hitting $21.61. The company’s stock had a trading volume of 53,750,691 shares, compared to its average volume of 56,857,094. The company has a market capitalization of $6.95 billion, a PE ratio of 27.35 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The company has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $19.32. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last announced its earnings results 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). 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 for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On MARA

Large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in MARA in the 3rd quarter worth $26,000. Larson Financial Group LLC increased its holdings 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 buying an additional 1,062 shares during the period. Signaturefd LLC lifted its stake 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 acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in MARA during the 3rd quarter worth approximately $50,000. Finally, Tobam increased its stake in MARA by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock worth $125,000 after purchasing an additional 4,880 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

MARA has been the topic of a number of research reports. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday. They issued an “overweight” rating and a $34.00 price target on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Wednesday, December 4th. Cantor Fitzgerald started coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. Finally, Needham & Company LLC reaffirmed 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 issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus target price of $25.50.

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.