MARA Holdings, Inc. (NASDAQ:MARA - Get Free Report) CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.68, for a total transaction of $431,278.40. Following the sale, the chief executive officer now owns 4,011,098 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MARA Price Performance
Shares of MARA stock traded down $0.89 on Friday, hitting $14.76. 46,996,250 shares of the stock traded hands, compared to its average volume of 45,117,067. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 18.69 and a beta of 6.82. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. The firm has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $17.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.
MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $234.19 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business's revenue was up 29.5% on a year-over-year basis. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on MARA. Piper Sandler cut their price target 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. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Rosenblatt Securities started coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price target for the company. Finally, HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, MARA currently has an average rating of "Hold" and a consensus price target of $20.72.
Read Our Latest Report on MARA
Institutional Investors Weigh In On MARA
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in MARA by 62.5% during the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after purchasing an additional 12,157 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of MARA in the fourth quarter valued at about $231,000. Lake Hills Wealth Management LLC raised its position in shares of MARA by 27.1% in the fourth quarter. Lake Hills Wealth Management LLC now owns 12,987 shares of the business services provider's stock valued at $218,000 after buying an additional 2,766 shares during the last quarter. Janney Montgomery Scott LLC increased its position in MARA by 21.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider's stock worth $261,000 after purchasing an additional 2,712 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its position in MARA by 18.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 23,502 shares of the business services provider's stock worth $394,000 after purchasing an additional 3,736 shares during the last quarter. 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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