Farallon Capital Management LLC Purchases Shares of 555,000 MARA Holdings, Inc. (NASDAQ:MARA)

Farallon Capital Management LLC acquired a new position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 555,000 shares of the business services provider's stock, valued at approximately $9,307,000. Farallon Capital Management LLC owned approximately 0.16% of MARA as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MARA. Beacon Capital Management LLC purchased a new position in MARA in the 4th quarter valued at about $26,000. Sterling Capital Management LLC lifted its holdings in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of 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 worth $33,000 after acquiring an additional 860 shares during the period. Spire Wealth Management lifted its holdings in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after acquiring an additional 599 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of MARA during the 4th quarter worth about $50,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Stock Up 2.8%

Shares of MARA stock traded up $0.44 during mid-day trading on Tuesday, reaching $16.39. 36,415,205 shares of the company were exchanged, compared to its average volume of 39,229,750. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market capitalization of $5.77 billion, a P/E ratio of 20.75 and a beta of 6.82. The business's 50 day simple moving average is $13.09 and its 200 day simple moving average is $17.23.

MARA (NASDAQ:MARA - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The firm had revenue of $213.88 million for the quarter, compared to the consensus estimate of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. Research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MARA shares. Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target on the stock. JPMorgan Chase & Co. cut their price target 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 raised their price target on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday. Needham & Company LLC restated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.72.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

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.