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

MARA Holdings (NASDAQ:MARA) CEO Frederick Thiel sold 27,505 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total transaction of $186,758.95. Following the completion of the sale, the chief executive officer directly owned 4,149,585 shares of the company’s stock, valued at approximately $28,175,682.15. This trade represents a 0.66% decrease in their ownership of the stock. 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 Price Performance

Shares of NASDAQ MARA opened at $6.87 on Thursday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -0.75 and a beta of 5.23. 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 $10.10 and its 200 day moving average price is $10.73. MARA Holdings has a 52 week low of $6.37 and a 52 week high of $18.04.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MARA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of MARA in a research note on Friday, August 7th. HC Wainwright initiated coverage on MARA in a report on Friday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. Morgan Stanley set a $10.00 target price on shares of MARA and gave the stock an “underweight” rating in a research report on Friday, October 9th. Cantor Fitzgerald dropped their price target on MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. lowered MARA from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research note on Monday, September 14th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.78.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Delta Global Management LP bought a new stake in shares of MARA during the 1st quarter valued at about $5,064,000. Hsbc Holdings PLC purchased a new stake in MARA during the 4th quarter valued at about $5,220,000. Compass Rose Asset Management LP purchased a new position in shares of MARA during the first quarter valued at approximately $4,243,000. Compass Financial Management LLC purchased a new position in shares of MARA during the 2nd quarter worth $6,000,000. Finally, Edgestream Partners L.P. bought a new position in MARA in the 1st quarter worth $2,864,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA News Roundup

Here are the key news stories impacting MARA this week:

• Positive Sentiment: Bitcoin miners, including MARA, rallied in the prior session as the sector rebounded. That provides a supportive backdrop, although the gains did not persist in the latest session. Bitcoin miners rally
• Neutral Sentiment: Short interest stood at 33.65% of MARA’s float on October 15, up 11.1% from the prior report. Heavy short positioning signals skepticism but could also amplify a rebound if short sellers cover. Short interest report
• Neutral Sentiment: Investors are awaiting MARA’s third-quarter results, with attention on progress with leases and the Longridge project, as well as the company’s Bitcoin holdings. MARA’s Q3 outlook
• Negative Sentiment: CEO Frederick Thiel sold 27,505 shares, about 0.66% of his direct holdings. The transaction was made under a pre-arranged Rule 10b5-1 plan, which offers context, but insider sales can still weigh on investor sentiment. CEO share sale
• Negative Sentiment: MARA’s shares slid despite a rising market, indicating continued pressure on the stock. MARA stock slides as market rises

MARA Company Profile

MARA Holdings, Inc (NASDAQ: MARA), formerly known as Marathon Digital Holdings, is a digital asset mining and energy infrastructure company. Its primary business is securing the Bitcoin network by operating specialized computing equipment that validates transactions and earns Bitcoin rewards.

The company develops and operates data centers and digital asset computing infrastructure, while also pursuing strategies to access low-cost and surplus energy. MARA has expanded its operations through a combination of owned facilities, hosting arrangements and acquisitions, with activities spanning North America and other international markets.

The company was founded in 2010 as Marathon Patent Group and later shifted its focus toward cryptocurrency mining before adopting the Marathon Digital name.