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 firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares in the company, valued at $82,280,781. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

MARA Stock Performance

Shares of MARA stock opened at $26.03 on Friday. The firm has a market cap of $8.38 billion, a P/E ratio of 32.95 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $34.09. The stock’s 50-day moving average is $17.83 and its two-hundred day moving average is $18.70.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) 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 company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the company posted ($0.05) EPS. The business’s revenue was up 34.4% compared to the same quarter last year. Analysts predict that MARA Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of MARA

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in MARA by 1.9% in the 1st 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. Geode Capital Management LLC increased its stake in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after purchasing an additional 378,542 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after purchasing an additional 217,106 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MARA has been the subject of several recent analyst reports. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald began coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MARA has a consensus rating of “Hold” and a consensus target price of $22.88.

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.