Frederick G. Thiel Sells 27,505 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MARA Stock Down 8.1 %

Shares of MARA stock opened at $14.66 on Friday. The stock has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $18.42 and a two-hundred day moving average price of $18.53. MARA Holdings, Inc. has a 12-month low of $13.16 and a 12-month high of $34.09.

Institutional Investors Weigh In On MARA

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its position in MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock worth $3,669,000 after purchasing an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after acquiring an additional 107,963 shares during the period. Weiss Asset Management LP bought a new stake in shares of MARA in the third quarter valued at approximately $1,557,000. Finally, Intech Investment Management LLC bought a new stake in shares of MARA in the third quarter valued at approximately $1,107,000. Institutional investors own 44.53% of the company’s stock.

Analyst Ratings Changes

MARA has been the topic of a number of research reports. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Macquarie boosted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Finally, B. Riley boosted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, MARA currently has an average rating of “Hold” and a consensus price target of $25.67.

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.