Insider Selling: MARA Holdings, Inc. (NASDAQ:MARA) CEO Sells 55,010 Shares of Stock

MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the transaction, the chief executive officer now directly owns 4,146,804 shares in the company, valued at approximately $62,202,060. This trade represents a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MARA Stock Up 2.6%

Shares of NASDAQ:MARA traded up $0.42 during trading on Tuesday, reaching $16.37. The stock had a trading volume of 48,298,645 shares, compared to its average volume of 45,084,916. The firm's 50-day simple moving average is $13.12 and its 200 day simple moving average is $17.22. 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 Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a market capitalization of $5.76 billion, a P/E ratio of 20.72 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last posted its earnings results on Thursday, May 8th. The business services provider reported ($0.40) 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 firm had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same period in the previous year, the company earned $1.26 EPS. The company's revenue was up 29.5% on a year-over-year basis. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MARA. HC Wainwright reissued a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. Compass Point reaffirmed a "sell" rating and issued a $9.50 price objective (down from $25.00) on shares of MARA in a research note on Tuesday, May 6th. Piper Sandler cut their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Barclays upped their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.72.

Institutional Trading of MARA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Beacon Capital Management LLC purchased a new position in MARA during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in MARA in the fourth quarter worth about $27,000. Sterling Capital Management LLC boosted its holdings in MARA by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its stake 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 worth $33,000 after acquiring an additional 860 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after acquiring an additional 599 shares in 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.

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