Cibc World Markets Corp Acquires Shares of 26,647 MARA Holdings, Inc. (NASDAQ:MARA)

Cibc World Markets Corp acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, HoldingsChannel reports. The firm acquired 26,647 shares of the business services provider’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spire Wealth Management raised its stake 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 acquiring an additional 599 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in MARA by 79.3% during 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 acquiring an additional 860 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of MARA by 124.2% during the 3rd 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 raised its stake in shares of MARA by 0.5% during the 4th 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 in the last quarter. Finally, US Bancorp DE raised its stake in shares of MARA by 73.3% during the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after buying an additional 1,505 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Price Performance

Shares of NASDAQ:MARA opened at $12.38 on Monday. The business’s fifty day moving average price is $15.97 and its two-hundred day moving average price is $18.11. The stock has a market cap of $4.28 billion, a PE ratio of 15.67 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a one year low of $12.03 and a one year high of $30.28.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating 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%. On average, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’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 sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade 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 through 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 over the last quarter. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. HC Wainwright reissued a “buy” rating and set a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.80.

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.