Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $544,599.00 in Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MARA Price Performance

MARA stock opened at $26.03 on Friday. MARA Holdings, Inc. has a 52-week low of $10.76 and a 52-week 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. The company has a market capitalization of $8.38 billion, a PE ratio of 32.95 and a beta of 5.52. The stock’s 50 day moving average is $17.83 and its two-hundred day moving average is $18.70.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) earnings per share. Analysts predict that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MARA. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Compass Point downgraded MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and a consensus price target of $22.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its holdings in MARA by 121.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock worth $29,000 after purchasing an additional 695 shares during the period. Truvestments Capital LLC acquired a new position in shares of MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its position in shares of MARA by 124.2% during 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 last quarter. Signaturefd LLC raised its stake in MARA by 74.8% during the third 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 during the period. Finally, Capital Performance Advisors LLP acquired a new position in MARA in the third quarter valued at approximately $50,000. Institutional investors and hedge funds 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.