Frederick G. Thiel Sells 55,010 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 55,010 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the transaction, the chief executive officer now directly owns 4,146,804 shares in the company, valued at approximately $62,202,060. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

MARA Price Performance

MARA stock opened at $15.87 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a 50 day moving average price of $13.12 and a 200-day moving average price of $17.21. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 20.09 and a beta of 6.82.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $213.88 million for the quarter, compared to analysts’ expectations of $234.19 million. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities research analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MARA shares. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. Compass Point reaffirmed a “sell” rating and set a $9.50 price objective (down from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Barclays upped their target price on MARA from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday. Piper Sandler lowered their target price on MARA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.72.

Hedge Funds Weigh In On MARA

Several large investors have recently modified their holdings of MARA. Spire Wealth Management increased its stake in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. United Services Automobile Association grew its holdings in shares of MARA by 3.4% during the fourth quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after buying an additional 635 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in shares of MARA by 5.8% during the first quarter. Ranch Capital Advisors Inc. now owns 14,632 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 805 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in MARA by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 18,125 shares of the business services provider’s stock worth $304,000 after acquiring an additional 878 shares during the last quarter. 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.