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 MARA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MARA Stock Performance

NASDAQ:MARA opened at $19.56 on Wednesday. The stock has a 50-day simple moving average of $21.41 and a two-hundred day simple moving average of $19.09. 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 Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The firm has a market capitalization of $6.29 billion, a PE ratio of 24.76 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its 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 firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company’s revenue was up 34.4% compared to the same quarter last year. Analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Institutional Trading of MARA

Several institutional investors and hedge funds have recently modified their holdings of MARA. Avaii Wealth Management LLC increased its stake in MARA by 9.9% in the 4th quarter. Avaii Wealth Management LLC now owns 16,941 shares of the business services provider’s stock worth $284,000 after buying an additional 1,529 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of MARA by 116.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider’s stock worth $122,000 after purchasing an additional 3,915 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in MARA by 17.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider’s stock valued at $15,076,000 after purchasing an additional 135,133 shares during the period. Impact Partnership Wealth LLC lifted its holdings in MARA by 18.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 23,502 shares of the business services provider’s stock worth $394,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in MARA by 21.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider’s stock worth $261,000 after purchasing an additional 2,712 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MARA has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on shares of MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. B. Riley boosted their target price on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.67.

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.