Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells 27,505 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MARA Stock Performance

Shares of NASDAQ MARA traded up $2.77 during midday trading on Wednesday, hitting $22.63. The company’s stock had a trading volume of 123,570,936 shares, compared to its average volume of 54,844,676. The stock has a fifty day moving average price of $17.66 and a 200 day moving average price of $18.67. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 28.65 and a beta of 5.52. MARA Holdings, Inc. has a one year low of $9.88 and a one year high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS 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 for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue was up 34.4% on a year-over-year basis. On average, research analysts forecast that MARA Holdings, Inc. will post -0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MARA. JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday, November 13th. Macquarie raised their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Cantor Fitzgerald began coverage on shares of MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus target price of $22.57.

Hedge Funds Weigh In On MARA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of MARA in the 3rd quarter worth about $26,000. Beaird Harris Wealth Management LLC grew its stake in shares of MARA by 121.1% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 695 shares during the period. Larson Financial Group LLC grew its stake in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Signaturefd LLC lifted its holdings in MARA by 74.8% in the 3rd 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 in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in MARA in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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.