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 stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MARA Stock Down 5.7 %

Shares of NASDAQ MARA opened at $20.37 on Friday. 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 $6.56 billion, a price-to-earnings ratio of 25.78 and a beta of 5.63. The stock has a 50 day moving average price of $21.32 and a 200 day moving average price of $19.35. 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 (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share 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 firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Sell-side analysts expect that MARA Holdings, Inc. will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the period. Franklin Resources Inc. raised its stake in MARA by 62.5% in the third quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after buying an additional 12,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in MARA by 4.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,650 shares of the business services provider’s stock worth $1,292,000 after buying an additional 3,200 shares during the period. Geode Capital Management LLC boosted its position in MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after acquiring an additional 378,542 shares in the last quarter. Finally, M&T Bank Corp boosted its position in MARA by 14.1% during the 3rd quarter. M&T Bank Corp now owns 19,571 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 2,418 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MARA has been the subject of several analyst reports. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective for the company. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. Finally, B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, MARA has a consensus rating of “Hold” and an average target price of $25.80.

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.