MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells $646,367.50 in Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MARA Stock Down 12.2 %

MARA traded down $2.99 during midday trading on Wednesday, hitting $21.61. The company 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 price-to-earnings ratio of 27.35 and a beta of 5.63. The stock's 50 day moving average price is $21.09 and its 200 day moving average price is $19.32. 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 52 week low of $13.16 and a 52 week high of $34.09.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company's revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Piper Sandler assumed coverage on shares of MARA in a research report on Tuesday. They set an "overweight" rating and a $34.00 price objective for the company. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a research note on Thursday, October 10th. They set an "overweight" rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.50.

Institutional Investors Weigh In On MARA

Several hedge funds and other institutional investors have recently made changes to their positions in MARA. Truvestments Capital LLC bought a new stake in shares of MARA in the 3rd quarter worth $26,000. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC increased its stake in 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 buying an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MARA during the 3rd quarter worth approximately $50,000. Finally, Tobam boosted its stake in shares of 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 buying an additional 4,880 shares during the last quarter. 44.53% of the stock is 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.

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