Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $495,365.05 in 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 shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

MARA Trading Up 1.3 %

NASDAQ:MARA opened at $19.95 on Friday. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 25.25 and a beta of 5.76. The business has a fifty day moving average of $21.37 and a 200-day moving average of $19.09. MARA Holdings, Inc. has a 1 year low of $13.16 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

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). The firm had revenue of $131.60 million during 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%. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Equities analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. B. Riley boosted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average price target of $25.67.

Institutional Trading of MARA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in shares of MARA during the 3rd quarter worth $26,000. Larson Financial Group LLC increased its holdings 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 period. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the period. Signaturefd LLC boosted its position in MARA by 74.8% during the third 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. Finally, Capital Performance Advisors LLP purchased a new stake in shares of MARA during the 3rd quarter worth about $50,000. 44.53% of the stock is currently owned by institutional investors.

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.