8,730 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Bought by R Squared Ltd

R Squared Ltd purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,730 shares of the business services provider’s stock, valued at approximately $146,000.

Several other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in MARA in the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of 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 worth $33,000 after purchasing an additional 860 shares during the period. Signaturefd LLC grew its position in MARA by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of MARA in the third quarter valued at $50,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Up 0.9 %

MARA stock opened at $18.42 on Thursday. The company’s 50 day moving average is $21.22 and its 200 day moving average is $19.08. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 23.32 and a beta of 5.76. 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 Holdings, Inc. has a 1-year low of $13.16 and a 1-year high of $34.09.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter last year, the business posted ($0.05) EPS. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. Sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the transaction, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,915 shares of company stock worth $2,980,694. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MARA. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler assumed coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One 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 stock. Based on data from MarketBeat, MARA presently has an average rating of “Hold” and a consensus price target of $25.67.

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.