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

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MARA Trading Up 1.3 %

Shares of NASDAQ:MARA opened at $19.95 on Friday. The stock has a market cap of $6.42 billion, a PE ratio of 25.25 and a beta of 5.76. 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 Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09. The business has a 50 day moving average of $21.37 and a 200-day moving average of $19.09.

MARA (NASDAQ:MARA) last released its quarterly 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 net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. As a group, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

MARA has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Compass Point cut MARA from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, Macquarie lifted their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MARA. Financial Advocates Investment Management grew its holdings in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 700 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Larson Financial Group LLC boosted its stake 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 purchasing an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the period. Finally, Signaturefd LLC grew 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 purchasing an additional 1,273 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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.