MARA Holdings, Inc. (NASDAQ:MARA) Stake Lifted by Xponance Inc.

Xponance Inc. boosted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,597 shares of the business services provider’s stock after purchasing an additional 2,723 shares during the period. Xponance Inc.’s holdings in MARA were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its holdings in 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 acquiring an additional 599 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in MARA by 79.3% during the fourth 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. Larson Financial Group LLC boosted its holdings in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. New York State Teachers Retirement System grew its position in MARA by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider’s stock worth $4,650,000 after buying an additional 1,299 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of MARA by 73.3% in the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,505 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,710 shares of company stock valued at $1,226,825. Insiders own 0.80% of the company’s stock.

MARA Price Performance

Shares of MARA opened at $13.64 on Friday. 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 firm has a market cap of $4.72 billion, a PE ratio of 17.27 and a beta of 5.95. The firm’s 50 day moving average price is $15.67 and its 200 day moving average price is $18.06. MARA Holdings, Inc. has a twelve month low of $12.03 and a twelve month high of $30.28.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

MARA has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. B. Riley upped their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. Piper Sandler cut their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.80.

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.