Farther Finance Advisors LLC Raises Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

Farther Finance Advisors LLC lifted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 96.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,001 shares of the business services provider’s stock after buying an additional 4,408 shares during the period. Farther Finance Advisors LLC’s holdings in MARA were worth $151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC purchased a new stake in MARA during the 3rd quarter worth approximately $255,000. Mutual of America Capital Management LLC grew its position in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares during the last quarter. Thrivent Financial for Lutherans grew its position in MARA by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 231,248 shares of the business services provider’s stock worth $3,751,000 after purchasing an additional 4,654 shares during the last quarter. Swiss National Bank grew its position in MARA by 4.9% during the 3rd quarter. Swiss National Bank now owns 552,000 shares of the business services provider’s stock worth $8,953,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in MARA during the 3rd quarter worth approximately $1,107,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,710 shares of company stock worth $1,226,825. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

MARA Stock Performance

MARA opened at $12.50 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a fifty day moving average price of $16.08 and a 200 day moving average price of $18.09. The stock has a market cap of $4.32 billion, a P/E ratio of 15.82 and a beta of 5.95. MARA Holdings, Inc. has a 1 year low of $12.03 and a 1 year high of $30.28.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

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.