MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC increased its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 108.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,526 shares of the business services provider’s stock after buying an additional 12,743 shares during the period. HUB Investment Partners LLC’s holdings in MARA were worth $411,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management increased its holdings in shares of 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 increased its position in MARA by 79.3% in 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 buying an additional 860 shares during the period. Larson Financial Group LLC lifted 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 buying an additional 1,062 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of MARA by 0.5% during 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 acquiring 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 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,505 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly 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 sold 72,710 shares of company stock worth $1,226,825 in the last quarter. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MARA has been the subject of several recent analyst reports. Rosenblatt Securities began coverage on shares of MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price for the company. B. Riley increased their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Finally, Piper Sandler cut their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.80.

MARA Stock Down 1.0 %

NASDAQ MARA opened at $12.38 on Friday. MARA Holdings, Inc. has a 12 month low of $12.03 and a 12 month high of $30.28. The company has a market capitalization of $4.28 billion, a P/E ratio of 15.67 and a beta of 5.95. The company’s 50 day simple moving average is $15.97 and its 200 day simple moving average is $18.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its quarterly earnings results 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 company had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

MARA 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.