Key Points
- CEO Frederick Thiel sold 27,505 MARA shares at an average price of $11.45, generating $314,932.25. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 0.63%.
- MARA shares were trading at $13.24 after rising 13.7%, supported by a Bitcoin rebound and improved analyst sentiment. However, the stock remains highly volatile, with a beta of 5.32 and a recent range of $6.66 to $23.45.
- The company reported a significant quarterly loss of $1.60 per share and revenue of $174.88 million, missing analyst estimates on both measures. Analysts maintain an average “Hold” rating with a consensus price target of $19.20.
MARA Holdings (NASDAQ:MARA - Get Free Report) CEO Frederick Thiel sold 27,505 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $11.45, for a total value of $314,932.25. Following the sale, the chief executive officer owned 4,308,192 shares in the company, valued at approximately $49,328,798.40. The trade was a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MARA Trading Up 13.7%
NASDAQ MARA opened at $13.24 on Friday. The stock has a market capitalization of $5.11 billion, a P/E ratio of -1.45 and a beta of 5.32. The business has a 50 day simple moving average of $11.16 and a 200 day simple moving average of $11.46. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89. MARA Holdings has a one year low of $6.66 and a one year high of $23.45.
MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly 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). The business had revenue of $174.88 million during the quarter, compared to analyst estimates of $209.44 million. MARA had a negative net margin of 429.71% and a negative return on equity of 26.05%. MARA's quarterly revenue was down 26.7% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. Research analysts expect that MARA Holdings will post -1.65 earnings per share for the current year.
More MARA News
Here are the key news stories impacting MARA this week:
- Positive Sentiment: Bitcoin rebound supports MARA: Bitcoin reportedly climbed about 6% toward $81,000, a favorable catalyst for MARA because miners’ revenue and asset values are closely tied to Bitcoin prices. MARA’s substantial Bitcoin holdings and high operating leverage can amplify gains in the cryptocurrency. Why Is MARA Stock Surging on Friday?
- Positive Sentiment: Morgan Stanley raised its outlook: Reports said Morgan Stanley doubled its price target for MARA, adding to bullish sentiment and helping reinforce the stock’s upward momentum. The upgrade was accompanied by broader optimism in Wall Street forecasts for the company. MARA Holdings Stock Jumps After Morgan Stanley Doubles Price Target
- Neutral Sentiment: Infrastructure expansion remains a longer-term catalyst: MARA has reported 35,577 BTC held as of June 30 and 70.3 EH/s of energized hashrate, while pursuing additional powered-land capacity in Texas. These initiatives could expand mining capacity, but execution, capital requirements and Bitcoin volatility remain important risks. Why MARA Holdings Stock Is Up Today
- Negative Sentiment: Rally increases profit-taking risk: MARA had already gained roughly 21% over the preceding month, potentially making the stock vulnerable to consolidation or profit-taking. Quiver also reported open-market insider sales by the CEO, CFO and general counsel, with no reported insider purchases in the past six months. MARA Holdings Just Rallied 21% in a Month
Institutional Investors Weigh In On MARA
Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of MARA by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 9,957,766 shares of the business services provider's stock worth $89,434,000 after purchasing an additional 251,674 shares during the period. Norges Bank acquired a new stake in MARA in the 4th quarter valued at $39,492,000. Capital World Investors grew its position in MARA by 0.6% in the 4th quarter. Capital World Investors now owns 2,954,764 shares of the business services provider's stock valued at $26,534,000 after purchasing an additional 19,048 shares during the period. Principal Financial Group Inc. increased its stake in MARA by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,838,149 shares of the business services provider's stock valued at $14,999,000 after purchasing an additional 35,978 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in MARA by 51.2% during the 2nd quarter. Headlands Technologies LLC now owns 444,756 shares of the business services provider's stock valued at $6,178,000 after purchasing an additional 150,665 shares in the last quarter. Institutional investors own 44.53% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on MARA shares. Citizens Jmp initiated coverage on shares of MARA in a research report on Wednesday, June 24th. They set a "market outperform" rating and a $24.00 target price on the stock. Weiss Ratings upgraded shares of MARA from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday, August 21st. Morgan Stanley reaffirmed an "underweight" rating and issued a $11.00 price target (up from $6.00) on shares of MARA in a research note on Friday. HC Wainwright began coverage on shares of MARA in a report on Friday, September 11th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, BTIG Research reiterated a "buy" rating and set a $27.00 price objective on shares of MARA in a report on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.20.
View Our Latest Research Report on MARA
MARA Company Profile
(
Get Free Report)
MARA Holdings, Inc, formerly known as Marathon Digital Holdings, Inc, is a digital asset technology company focused primarily on mining bitcoin. The company operates and supports computing infrastructure designed to secure the Bitcoin network by processing transactions and earning bitcoin rewards.
MARA develops and deploys large-scale data center and energy infrastructure for digital asset mining. Its activities include operating mining facilities, managing specialized application-specific integrated circuit (ASIC) mining equipment, and pursuing energy and infrastructure solutions intended to support more efficient and scalable computing operations.
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