MARA (NASDAQ:MARA) CEO Frederick Thiel Sells 27,505 Shares of Stock

Key Points

• CEO Frederick Thiel sold 27,505 MARA shares at an average price of $11.45, generating approximately $314,932. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 0.63%.
• MARA shares recently traded at $13.24, within a wide 52-week range of $6.66 to $23.45. The company reported a quarterly loss of $1.60 per share and revenue of $174.88 million, missing analyst expectations and recording a 26.7% year-over-year revenue decline.
• Analyst sentiment is mixed: eight analysts rate MARA a Buy, one a Hold and three a Sell, producing an overall “Hold” consensus and a $19.20 average price target. Institutional investors own 44.53% of the company, while recent insider selling may increase profit-taking concerns after the stock’s rally.

MARA Holdings (NASDAQ:MARA - Get Free Report) CEO Frederick Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $11.45, for a total transaction of $314,932.25. Following the sale, the chief executive officer owned 4,308,192 shares of the company's stock, valued at approximately $49,328,798.40. The trade was a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MARA Stock Performance

Shares of NASDAQ:MARA traded up $1.60 during mid-day trading on Friday, reaching $13.24. The company had a trading volume of 84,131,175 shares, compared to its average volume of 47,167,472. MARA Holdings has a one year low of $6.66 and a one year high of $23.45. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The company's 50-day moving average price is $11.16 and its 200-day moving average price is $11.46. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -1.45 and a beta of 5.32.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($1.77). The firm had revenue of $174.88 million during the quarter, compared to analysts' expectations of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The business's quarterly revenue was down 26.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share. As a group, equities research analysts anticipate that MARA Holdings will post -1.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of MARA in the fourth quarter worth about $39,492,000. Delta Global Management LP purchased a new position in MARA during the first quarter valued at approximately $5,064,000. Hsbc Holdings PLC bought a new stake in MARA during the 4th quarter worth approximately $5,220,000. Compass Rose Asset Management LP bought a new stake in MARA during the 1st quarter worth approximately $4,243,000. Finally, Compass Financial Management LLC bought a new stake in MARA during the 2nd quarter worth approximately $6,000,000. Institutional investors own 44.53% of the company's stock.

MARA News Summary

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Bitcoin rebound supports MARA: Bitcoin reportedly climbed about 6% toward $81,000, a favorable catalyst for MARA because miners’ revenue and asset values are closely tied to Bitcoin prices. MARA’s substantial Bitcoin holdings and high operating leverage can amplify gains in the cryptocurrency. Why Is MARA Stock Surging on Friday?
• Positive Sentiment: Morgan Stanley raised its outlook: Reports said Morgan Stanley doubled its price target for MARA, adding to bullish sentiment and helping reinforce the stock’s upward momentum. The upgrade was accompanied by broader optimism in Wall Street forecasts for the company. MARA Holdings Stock Jumps After Morgan Stanley Doubles Price Target
• Neutral Sentiment: Infrastructure expansion remains a longer-term catalyst: MARA has reported 35,577 BTC held as of June 30 and 70.3 EH/s of energized hashrate, while pursuing additional powered-land capacity in Texas. These initiatives could expand mining capacity, but execution, capital requirements and Bitcoin volatility remain important risks. Why MARA Holdings Stock Is Up Today
• Negative Sentiment: Rally increases profit-taking risk: MARA had already gained roughly 21% over the preceding month, potentially making the stock vulnerable to consolidation or profit-taking. Quiver also reported open-market insider sales by the CEO, CFO and general counsel, with no reported insider purchases in the past six months. MARA Holdings Just Rallied 21% in a Month

Analyst Ratings Changes

MARA has been the topic of a number of research reports. Piper Sandler lowered their price objective on MARA from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, July 17th. HC Wainwright started coverage on shares of MARA in a research note on Friday, September 11th. They issued a "buy" rating and a $20.00 target price for the company. Cantor Fitzgerald lowered their price target on shares of MARA from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. JPMorgan Chase & Co. restated an "underweight" rating and set a $11.00 price target (down from $13.00) on shares of MARA in a research note on Monday. Finally, Citizens Jmp assumed coverage on shares of MARA in a report on Wednesday, June 24th. They issued a "market outperform" rating and a $24.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.20.

MARA Company Profile

MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.

MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.

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