Victory Capital Management Inc. Has $1.14 Million Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Victory Capital Management Inc. grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,654 shares of the business services provider’s stock after acquiring an additional 9,562 shares during the quarter. Victory Capital Management Inc.’s holdings in MARA were worth $1,135,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC acquired a new position in MARA during the fourth quarter worth about $26,000. Truvestments Capital LLC acquired a new position in MARA during the third quarter worth about $26,000. Larson Financial Group LLC increased its stake in shares of 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 period. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of 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 valued at $33,000 after buying an additional 860 shares during the period. Finally, Spire Wealth Management increased its stake in shares of MARA by 26.7% in the fourth 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 period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the 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 transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,710 shares of company stock worth $1,226,825. Corporate insiders own 0.80% of the company’s stock.

MARA Stock Performance

Shares of MARA stock opened at $12.53 on Thursday. The stock has a market capitalization of $4.33 billion, a PE ratio of 15.86 and a beta of 5.95. MARA Holdings, Inc. has a one year low of $12.03 and a one year high of $30.28. The business’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $18.13. 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, topping analysts’ consensus estimates of ($0.32) by $1.56. The firm 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%. As a group, research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MARA has been the subject of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Piper Sandler lowered their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.