MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,675 shares of the business services provider’s stock after buying an additional 7,800 shares during the period. Thoroughbred Financial Services LLC’s holdings in MARA were worth $648,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Beacon Capital Management LLC acquired a new stake in shares of MARA in the 4th quarter valued at approximately $26,000. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. Spire Wealth Management grew its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in MARA during the fourth quarter worth $50,000. Finally, Blue Trust Inc. raised its holdings in shares of MARA by 415.6% in the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,693 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. B. Riley boosted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.80.

MARA Price Performance

MARA stock opened at $11.30 on Friday. MARA Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The firm has a 50-day moving average of $14.71 and a two-hundred day moving average of $17.91. The firm has a market capitalization of $3.91 billion, a PE ratio of 14.30 and a beta of 6.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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

Insider Transactions at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 in the last 90 days. 0.80% of the stock is owned by insiders.

About MARA

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.