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

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MARA Stock Up 1.1 %

MARA stock opened at $15.95 on Friday. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a market cap of $5.41 billion, a PE ratio of 20.19 and a beta of 5.76. The business’s 50-day simple moving average is $18.58 and its 200 day simple moving average is $18.55. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

MARA has been the topic of several research analyst reports. Barclays initiated coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Compass Point downgraded 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 research report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Finally, Piper Sandler initiated coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

Institutional Investors Weigh In On MARA

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after buying an additional 49,062 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in MARA by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after buying an additional 217,106 shares in the last quarter. Mutual of America Capital Management LLC grew its position in MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after buying an additional 107,963 shares in the last quarter. Weiss Asset Management LP acquired a new stake in MARA during the third quarter worth about $1,557,000. Finally, Intech Investment Management LLC bought a new position in MARA during the third quarter worth about $1,107,000. 44.53% of the stock is owned by institutional investors and hedge funds.

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.