MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.68, for a total transaction of $431,278.40. Following the transaction, the chief executive officer now directly owns 4,011,098 shares in the company, valued at $62,894,016.64. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
MARA Trading Down 0.8%
Shares of NASDAQ MARA traded down $0.13 during trading on Tuesday, reaching $16.19. The stock had a trading volume of 34,018,179 shares, compared to its average volume of 44,839,739. The business's 50-day moving average price is $13.36 and its 200-day moving average price is $17.16. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. 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 company has a market cap of $5.70 billion, a P/E ratio of 20.49 and a beta of 6.82.
MARA (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. During the same period in the prior year, the company posted $1.26 EPS. The firm's revenue was up 29.5% compared to the same quarter last year. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MARA. JPMorgan Chase & Co. cut their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Piper Sandler lowered their price target on MARA from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Rosenblatt Securities assumed coverage on MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. 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 company. According to data from MarketBeat, MARA presently has a consensus rating of "Hold" and a consensus price target of $20.72.
View Our Latest Stock Report on MARA
Institutional Investors Weigh In On MARA
Institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC acquired a new stake in MARA during the 4th quarter worth $26,000. Park Square Financial Group LLC purchased a new position in shares of MARA during the fourth quarter worth about $27,000. Sterling Capital Management LLC increased its position in shares of MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of MARA by 26.7% in 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 during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.
About MARA
(
Get Free Report)
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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