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, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now owns 4,155,595 shares of the company’s stock, valued at $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MARA Stock Up 13.9 %

Shares of NASDAQ MARA opened at $22.63 on Thursday. The firm’s fifty day moving average is $17.66 and its 200 day moving average is $18.67. MARA Holdings, Inc. has a 52 week low of $9.88 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 cap of $7.28 billion, a price-to-earnings ratio of 28.65 and a beta of 5.52.

MARA (NASDAQ:MARA) last released 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). 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 quarter last year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. On average, equities research analysts expect that MARA Holdings, Inc. will post -0.72 earnings per share for the current year.

Institutional Investors Weigh In On MARA

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of MARA by 1.9% in the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after acquiring an additional 441,455 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of MARA by 4.1% in the first quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after buying an additional 881 shares during the last quarter. American International Group Inc. grew its position in MARA by 4.3% during the first quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock valued at $2,495,000 after buying an additional 4,593 shares during the period. Natixis purchased a new stake in MARA during the first quarter valued at approximately $177,000. Finally, Lazard Asset Management LLC bought a new position in MARA in the first quarter worth approximately $249,000. Institutional investors own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the subject of several analyst reports. Cantor Fitzgerald began coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Wednesday, November 13th. Macquarie boosted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. decreased their price target on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, MARA has an average rating of “Hold” and a consensus price target of $22.57.

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.